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Some Good News on Employment

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Source: Bureau of Labor Statistics

With the United States Presidential election 3 days away, some good news with The Washington Post article  US economy adds 171,000 jobs in October, unemployment rate ticks up to 7.9 percent“.

Supported by the most recent information released November 2, 2012 by the Bureau of Labor Statistics, there appears to be a little light peaking through the tunnel for career professionals and businesses.

Snapshot from Bureau of Labor Statistics
Professional and business services
added 51,000 jobs in October, with gains in  services to buildings and dwellings (+13,000) and in computer systems design (+7,000).  Temporary help employment changed little in October and has shown little net change  over the past 3 months. Employment in professional and business services has grown by 1.6 million since its most recent low point in September 2009.

Health care added 31,000 jobs in October. Job gains continued in ambulatory health care services (+25,000) and hospitals (+6,000).  Over the past year, employment in health care has risen by 296,000.

Retail trade added 36,000 jobs in October, with gains in motor vehicles and parts dealers  (+7,000), and in furniture and home furnishings stores (+4,000). Retail trade has added 82,000 jobs over the past 3 months, with most of the gain occurring in motor vehicles and parts dealers, clothing and accessories stores, and miscellaneous store retailers.

Employment in leisure and hospitality continued to trend up (+28,000) over the month.   This industry has added 811,000 jobs since a recent low point in January 2010, with most of the gain occurring in food services.

Employment in construction edged up in October. The gain was concentrated in specialty trade contractors (+17,000).

Manufacturing employment changed little in October. On net, manufacturing employment has shown little change since April.

Mining lost 9,000 jobs in October, with most of the decline occurring in support activities for mining. Since May of this year, employment in mining has decreased by 17,000.

Employment in other major industries, including wholesale trade, transportation and  warehousing, information, financial activities, and government, showed little change over the month.

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