Friday, November 6, 2009

October Unemployment

Unemployment
Probably the greatest labor saving device in the history of the nation
Is the present Administration.
— Ogden Nash

The BLS Employment Situation Summary is out today:
The unemployment rate rose from 9.8 to 10.2 percent in October...

Among the marginally attached, there were 808,000 discouraged workers in October, up from 484,000 a year earlier....

Construction employment decreased by 62,000 in October....

Manufacturing continued to shed jobs (-61,000) in October, with losses in both durable and nondurable goods production....

Retail trade lost 40,000 jobs in October....

Employment in transportation and warehousing decreased by 18,000 in October....

Health care employment continued to increase in October (29,000)....

Temporary help services has added 44,000 jobs since July, including 34,000 in October....

The change in total nonfarm payroll employment for August was revised from -201,000 to -154,000, and the change for September was revised from -263,000 to -219,000.

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