Led by continued job growth in professional and businesses services, leisure and hospitality, health care, and mining, total nonfarm payroll employment gained 80,000 jobs in October 2011, according to the Bureau of Labor Statistics (BLS) ‘THE EMPLOYMENT SITUATION – OCTOBER 2011’ released today. In addition, the change in nonfarm payroll employment was revised up from 57,000 jobs to 104,000 jobs for August 2011 and up from 103,000 jobs to 158,000 jobs for September 2011.
The BLS report also revealed that the unemployment rate dropped slightly to 9.0 percent in October 2011 from 9.1 percent in September 2011 while the number of unemployed persons also dipped to 13.9 million in October 2011 from to 14.0 million in September 2011. The unemployment rate has ranged between 9.0 and 9.2 percent since April 2011.
Other key findings of the Employment Situation report for October 2011 include:
- Private sector employment increased by 104,000 jobs in October 2011, with continued job growth in professional and business services, leisure and hospitality, health care, and mining.
- Professional and business services employment continued to trend up in October 2011 with 32,000 jobs added and has grown by 562,000 jobs over the past 12 months.
- Leisure and hospitality employment edged up in October 2011 with 22,000 jobs, and has added 344,000 jobs since a recent low point in January 2010.
- Health care employment continued to expand in October 2011 with 12,000 jobs, and has added 313,000 jobs over the past 12 months.
- Mining employment continued to increase with 6,000 jobs in October 2011, and has risen by 152,000 since a recent low point in October 2009.
As for employment in other major private sector industries, general merchandise stores gained 10,000 jobs within the retail trade sector and manufacturing employment added 5,000 jobs in October 2011, while employment in wholesale trade, transportation and warehousing, information, and financial activities changed little in October 2011. On the negative side, construction employment declined by 20,000 jobs in October 2011 and government employment continued to trend down over the month losing 24,000 jobs.
The Employment Situation report for October 2011 from the Bureau of Labor Statistics is currently available at http://www.bls.gov/news.release/pdf/empsit.pdf. The Employment Situation report for November 2011 is scheduled to be released on Friday, December 2, 2011.
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