531,000 jobs added in October, hiring swells

Nov 08, 2021
382 views
0 comments
Share
Mental Health Benefits

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

382 views
0 comments

Tags In

Data Science Jobs Rural Unemployment

Previous days news

Nov 3 Nov 1 Oct 29 Oct 28 Oct 27

Best tech jobs in the United States : BLS data

Sep 06, 2022
1070 views
0 comments
Background Checks

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

Sep 06, 2022
753 views
0 comments
Background Checks

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

Aug 17, 2022
1112 views
0 comments
Background Checks

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

Aug 17, 2022
732 views
0 comments
Background Checks

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

Aug 10, 2022
1171 views
0 comments
Background Checks

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

531,000 jobs added in October, hiring swells

531,000 jobs added in October, hiring swells

Tags In

Others news

Category

Tags

Articles