The Recruiting News
The Employment Situation
(November 2, 2012) THE EMPLOYMENT SITUATION -- OCTOBER 2012
Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, and retail trade.
| Hurricane Sandy |
|Hurricane Sandy had no discernable effect on the employment and unemployment |
|data for October. Household survey data collection was completed before the |
|storm, and establishment survey data collection rates were within normal ranges|
|nationally and for the affected areas. For information on how unusually severe |
|weather can affect the employment and hours estimates, see the Frequently Asked|
|Questions section of this release. |
Establishment Survey Data
Total nonfarm payroll employment increased by 171,000 in October. Employment growth has averaged 157,000 per month thus far in 2012, about the same as the average monthly gain of 153,000 in 2011. In October, employment rose in professional and business services, health care, and retail trade. (See table B-1.)
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. (read more)
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