As anticipated, private sector hiring continued to uptick in October, as the sector added 184,000 new jobs to the national economy, an increase of nearly 80,000, when compared to September’s statistics.
According to the BLS’ most recent “The Employment Situation” report, job growth was quite extensive last month, as a majority of the nation’s private sectors hired new workers.
- Finance: Approximately 4,000 finance professionals were hired in October, a decrease of 9,000 positions in comparison to September’s monthly total. Of those professionals, roughly half were hired for credit intermediation roles.
- Healthcare: 14.5 million healthcare professionals were employed in October, as the sector generated 30,500 new jobs. Since October 2011, the sector has hired nearly 296,000 professionals, an average of 24,600 new hires per month.
- Leisure and Hospitality: Sector hiring continued to rise last month, as 28,000 new jobs were added to the national economy. More than 22,000 of these positions were filled by food services and drinking places; arts, entertainment, and recreation organizations hired 5,300 workers.
- Manufacturing: After declining in September, sector hiring increased slightly in October, rising by 13,000. In all, 11.9 million professionals were employed last month; since October 2011, hiring has risen by approximately 200,000.
- Professional and Business Services: The sector created 23,000 more new jobs last month than in September, as sector hiring rose by 51,000. Sixty-five percent of these positions were generated by administrative and waste services companies.
- Retail Trade: For the fourth consecutive month, the sector reported a rise in job creation in October, as roughly 36,000 professionals were hired. Since August, the sector has hired an average of 27,300 professionals per month.