In October, the U.S. Bureau of Labor Statistics reports 151,000 jobs were added to the economy, surpassing economists’ expectations of 70,000. The numbers for August and September were also positively adjusted — showing fewer losses than previously reported. Nonfarm payroll employment for August was revised from -57,000 to -1,000, and the change for September was revised from-95,000 to -41,000.
While the increase in jobs is a positive sign, there’s still the overall concern about high unemployment. In October, there were 14.8 million unemployed people and the unemployment rate was 9.6 percent, a number essentially unchanged since May. Those classified as long-term unemployed (those jobless for 27 weeks and over) was about unchanged over the month at 6.2 million — 41.8 percent of unemployed persons. In addition, there were 1.2 million discouraged workers in October, an increase of 411,000 from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.
So where are there jobs being added? The BLS reports following areas saw modest gains: (click on each to find matching jobs)
- Administrative and support services
- Employment services
- Temporary help services
- Educational services
- Health care
- Food services and drinking places
To learn more about the current jobs situation, watch this report from Good Morning America, featuring CareerBuilder’s CEO Matt Ferguson: