A sign of hope for frustrated job seekers.
We all know how tough the job market has been lately. However, there is a small ray of hope. According the U.S Bureau of Labor Statistics, 80,000 jobs were added in the month of October. Even though it was a lower number than experts had predicted, it's still good news.
As a result, the unemployment rate dropped to 9 percent. It was only a slight drop, but it is the first time in several months that the number has dipped below 10 percent.
In addition, the BLS had some other good news to share. It seems that over 100,000 more jobs were created in August and September than they had reported previously.
Here's an excerpt from their report:
Nonfarm payroll employment continued to trend up in October (+80,000),and the unemployment rate was little changed at 9.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment in the private sector rose, with modest job growth continuing in professional and businesses services, leisure and hospitality, health care, and mining. Government employment continued to trend down.The change in total nonfarm payroll employment for August was revised from +57,000 to +104,000, and the change for September was revised from +103,000 to +158,000.
This news from the BLS is a sign, although it doesn't mean that the trend will continue. Still, it's a good sign that we are moving in the right direction.
What do you think about this report? Have you seem more job openings lately? Please share your thoughts in the comment section.
By Melissa Kennedy- Melissa is a 9 year blog veteran and a freelance writer for PhillyJobsBlog and Beyond.com, along with helping others find the job of their dreams, she enjoys computer geekery, raising a teenager, supporting her local library, writing about herself in the third person and working on her next novel.
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