HelpWanted.com

531,000 jobs added in October, hiring swells

531,000 jobs added in October, hiring swells
The country added 531,000 jobs in October- a strong month of growth showing signs of an economy regaining new momentum in the final few months of the year after the coronavirus pandemic surge in the late summer. In addition to the large number of jobs added, the unemployment rate dropped too, from 4.8% to 4.6%. The rate is still up from its pre-pandemic low of 3.5% in February 2020 but significantly down from January 2021 when it was 6.3%. 

The rise in hiring comes amidst other strong economic news. The major US stock indexes have climbed to record levels. In recent weeks, the number of coronavirus cases has fallen leading to more optimism among businesses and households. This has helped push wages, another trend that reflects a growing sense of optimism about the direction of the economy. However, many businesses still remain concerned about inflation rates and supply chain delays and worry that these would extend into the next year as well, adding to the uncertainty of the pandemic. 

Source: The Washington Post 
Tags In
Data Science Jobs Rural Unemployment

Previous days news

Nov 3 Nov 1 Oct 29 Oct 28 Oct 27

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Hyderabad Jobs Hiring Trends Jobs For Freshers Shell Madhya Pradesh Jalandhar Inspiring Language Jobs Employee Retention AI Jobs Uttarakhand Jobs EQ Skills Unicorns Fake CAll Centre Jet Airways Media Jobs Post Covid Retailjobs Sports Quota Professors Teachers Recruitment Job Switch Coding Jobs In STEM Graduates Apple Hiring Career Switch Kuwait Jobs Job Courses Cricket Coach Cognizant Career Management Company Hiring Education Covid 19 Job Market Ministry Of Food UX Jobs Supply Chain Labor Market AIIMS Recruitment Jobs In Banking Payment Issue Urban Unemployment Rate Consumer Economy Job Fair Punjab Workers AI Hiring Job Reservation Automation Jobs Inclusion
Articles

Avoid These 5 (Obvious) Mistakes in Your Job Application

Today’s market is a competitive one – especially after the COVID-19 pandemic. Unlike 2019, when the ...Read more

Don’t Fall Prey to These Job Scams

When people are looking frantically for employment, scammers get a chance to exploit their weakness ...Read more

7 Signs That Tell You It’s Time to Quit Your Current Job

Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...Read more

Here Is How to Answer These 5 Tricky HR Questions

During an interview, you’re not only asked questions according to your credibility and qualificatio ...Read more