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Analysis of October 2011 Employment Report

According to the Labor Department, 104,000 private sector jobs were added to the U.S. economy in October, while state governments were largely responsible for a loss of 24,000 positions in the public sector. Nonfarm payroll employment rose 80,000 in October and the unemployment rate fell from 9.1 to 9.0 percent. While the total job gain was lower than that of the last few months, there have been substantial upward revisions in recent months. September’s private sector gain, for example, was originally reported at 137,000 and was subsequently revised up to 191,000 in the Labor Department’s most recent report.

BLS Employment Situation Report: September 2012

Total unemployment in the U.S. fell, according to the Labor Department, from 8.1 to 7.8 percent in September, while the economy added 114,000 jobs. Revisions to past months showed more than 60,000 more jobs were added over the previous two months than initially reported. The participation rate, which can create an illusion of falling unemployment rates when discouraged workers leave the workforce, in September actually grew by 0.1 percent while the number of discouraged workers fell by 42,000.