The near double-digit unemployment figure trend continued during the month of October. The Department of Labor released the official employment summary and despite adding 159,000 private sector jobs, October 2010 unemployment remained unchanged at 9.6 percent. This marks the third consecutive moth that the unemployment rate has been 9.6 percent.
Temporary employment in the professional and business services industries rose again in October, adding 35,000 new positions. The temporary help services sector has added 451,000 new jobs since September 2009.
Other sectors adding employment in October 2010 include computer systems design and related services (+8,000), health care (+24,000), automobile dealerships (+6,000), electronics and appliance stores (+5,000) and mining (+8,000). It is likely that we will continue to see short-term jobs in the retail sector increase as we enter the holiday shopping season.
Despite the addition of 159,000 new jobs during October, there are still 14.8 million unemployed people in our nation. Of these, 6.2 million, or 41.8 percent, have been unemployed for 27 weeks or longer.
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Tags: october unemployment, unem, unemployed, unemployment, unemployment rate
