Private sector hiring remained robust in October, as more than 100,000 new jobs were added to the national economy for the fourth consecutive month, providing further evidence that economic recovery is continuing at a steady pace.
According to the BLS’ “The Employment Situation – October 2012” report, 171,000 jobs were generated last month, once again exceeding economists’ projections. Prior to the release of the report, many economists expected 125,000 new jobs would be created.
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One week prior to Election Day 2012, the BLS released its latest “Metropolitan Area Employment and Unemployment” report, which revealed that joblessness is continuing to diminish throughout the United States.
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.
On October 22nd, U.S. Trade Representative Ron Kirk met with Panamanian Minister of Commerce and Industry Ricardo Quijano in order to conclude and put into effect a six-year-long process – the enforcement of the U.S.-Panama Trade Promotion Agreement (TPA).
With the upcoming presidential election quickly approaching, the BLS has just released one of the most encouraging jobs reports of President Barack Obama’s first term.
As anticipated, unemployment continued to steadily decline within a majority of the United States’ metro areas in August, according to the BLS’ most recent “Metropolitan Area Employment and Unemployment” report.
