Employment indicators confirm US resilience
Simon Ward
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US non-farm payrolls rose by 80,000 in October while the gain in August and September was revised up by 102,000. These numbers are consistent with the recent strength of withheld tax receipts – see previous post.
The Monster index of online vacancies, meanwhile, rose solidly in October (after adjusting for seasonal variation), suggesting a further employment increase into year-end. The Monster index rolled over well before the onset of the last recession in December 2007.
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Reader Comments (2)
From 2007 to 2011 the non-farm payroll and monster employment has been down is there a reason why this happening?
The labour market is recovering but still has a long way to go to reverse the impact of the 2008-09 recession.