Job Growth Soars In October

Reply Fri 5 Nov, 2004 08:39 am
Job growth soars
October report shows greatest strength in employment since April, easily topping forecasts.
November 5, 2004: 9:08 AM EST

NEW YORK (CNN/Money) - U.S. employers added far more jobs in October, the best performance in six months, according to a government report Friday that came in well above Wall Street expectations.

The Labor Department report showed a net gain of 337,000 jobs to nonfarm payrolls in the month, up from the revised 139,000 gain in September. Economists surveyed by Briefing.com were looking for only a 175,000 job gain.


Now how's that for an "October surprise"! Very Happy
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Type: Discussion • Score: 1 • Views: 865 • Replies: 6
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Reply Fri 5 Nov, 2004 08:40 am
Yes,that's really a surprise.
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Reply Fri 5 Nov, 2004 08:42 am
Campaign workers.
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Reply Fri 5 Nov, 2004 08:47 am
Probably, but will volunteers also count?
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Reply Fri 5 Nov, 2004 08:56 am
Thok- I don't believe that they count volunteers.

Among the sectors showing strong growth was construction hiring, which gained 71,000 jobs, boosted by cleanup and reconstruction efforts in hurricane-affected areas of the Southeast.

Professional and business services also added 97,000 jobs, while retailers added a seasonally adjusted 21,000 ahead of the holiday shopping season.

Among the sectors losing ground, manufacturing employment saw a net decrease of 5,000 jobs
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Reply Fri 5 Nov, 2004 08:57 am
what kind of jobs...rate of pay compared to lost jobs......quality of benefits available and expense to worker compared to lost jobs.....I wouldn't start peeing the bed until I saw the whole picture....sounds like a great majority of those jobs are temp jobs...which of course will mean no benefits.....
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Reply Sat 6 Nov, 2004 05:41 pm
a.t. the report from CNBC a lot of new work has been created repairing the hurrican damage; no surprise really. hbg
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