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
ITC Cantonment General Hospital Career Management LIC Jobs Jobs In STEM Madhya Pradesh Lockdown Travel Jobs Global Enterprises Job Seeker Delhivery Class Of 2020 In India Digital Media Hiring Dream Job Generation Z Defence Jobs Pandemic Employment Excahnge Flexible Bank Exams Big Data Jobs UI Design Media Jobs Kerela Remote Learning Challenges Skills In Demand HIV Lok Sabha Hiring Process Delhi Gov Corporation Jobs Health Workers SC EPFO Job Sector In India Delhi CMIE COVID-19 Outbreak Job Market In 2021 AI Hiring Hiring Exams Contract Employees Telangana Govt. Law Graduates Single Final Job Offer Job Prospects Wipro Jobs SHRC Richest People In America Jobs In Hyderabad
Articles

How you can pay off student debt while you work

Student loan debt is a crisis that has been making its way through The United States for quite some ...Read more

Let's Talk about the Hustle Economy

With the COVID-19 outbreak, it has increased manifold, owing to the rise in remote working. It’s be ...Read more

Tips for Staffing Agencies to Create a Competitive Advantage

Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...Read more

Top paying Careers in 2021

The economy may be taking its time with recovery, but hiring and job hunting are at an all-time hig ...Read more