U.S. Job Gains Strongest in Seven Months

[sleuth]

WASHINGTON (Reuters) - New U.S. jobs soared at the sharpest rate in seven months in October, the government reported on Friday, helped by a surge in construction activity as hurricane-battered areas in the Southeast were rebuilt.

A surprisingly strong 337,000 jobs were added to payrolls last month -- twice the 169,000-job growth that Wall Street economists had forecast and the strongest since March when 353,000 jobs were created, the Labor Department said.

Still, the unemployment rate edged up to 5.5 percent from 5.4 percent in September, but that was because more people joined the search for employment, a potentially hopeful sign.

Not only was October a strong month but the number of jobs created in the two prior months was revised up -- to 139,000 in September instead of 96,000 and to 198,000 in August instead of 128,000.

linkage: http://www.reuters.com/financeNewsArticle.jhtml?type=businessNews&storyID=6729258

 

[Larry Gude]

This is good...

...and that's all I'm saying.

 

[Bruzilla]

That's the truth! I've been looking for technology training work down here in Jacksonville since May, and there haven't been any openings to be found. Since the last week of October I've received two job offers, I've been contacted by three head hunters, and I just got a call about another position that a company wants me to interview for.

 

[T.Rally]

Karl Rove ensured that Fla would be hit hard by the hurricanes to skew the job numbers in Bush's favor. Those numbers don't mean anything.

 

[DJ_Blackrain]

Very Good To Hear

I'm moving from Canada back to good old southern maryland, so it's good to hear about the jobs...........

 

[Kizzy]

But, but I thought that because of President Bush there are no jobs, at least that is what the democrats say.


Congrats on the job offers Bruz About dayum time.