The numbers are in for October, and employment numbers have finally seen a month of stability. The economy added more than 150,000 jobs, according to this story from the New York Times (click to link). The positive news was also covered in this version of the issue from the Washington Post (click to link).
Implications: The job market was adding positions through most of the summer, but those numbers were diminished by expected reductions in temporary jobs… like those involved with the Census.
150,000 new jobs is not enough, but it’s better… and a source of confidence to those of us who are focused on consumers, as well as a source of hope, perhaps, for those consumers who are still looking for work. After the campaign of nastiness that ended with this week’s mid-term election, I thought it would be a good idea to share a little good news.
Mike Anderson
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