In October, the economy added 151,000 jobs, rebounding from the 41,000 jobs shed in September (previously reported: -95,000 jobs). The figure represented the largest increase since May and surprised the market on the upside, as private sector analysts expected only 60,000 job gains. That said, despite the better-than-expected monthly reading, the unemployment rate remained unchanged at 9.6% for a second consecutive month. The payroll increase in October reflected strong private sector hiring, as private non-farm payrolls increased by 159,000 units. The public sector shed 8,000 in October, which was better than expected, given the 148,000 decrease seen in September. Moreover, the October reading was the last one to be affected by drops in temporary Census workers. The economy lost an accumulated 8.3 million jobs between December 2007 ? the official start of the recession ? and December 2009, but has recovered nearly 900,000 jobs this year, showing a slow but steady improvement in the labour market. However, as the government is withdrawing fiscal stimulus going forward, unemployment is expected to remain high, with Consensus Forecast panellists currently forecasting the unemployment rate to average 9.6% in 2010, before declining to an average 9.3% in 2011.
United States Unemployment
Unemployment remained unchanged in October but payrolls returned to positive territory
November 5, 2010
Looking for forecasts related to Unemployment in United States? Download a sample report now.
United States Economic News
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.
September 27, 2016
Following an increase in August, when the Conference Board’s consumer confidence index jumped to 101.8 points, consumer sentiment among U.S. households rose further in September.