THE LAST jobs report is in from the Bureau of Labor Statistics. The reports shows 171,000 jobs were created.
Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, and retail trade.
Sandy wasn’t seen as a factor, but you can bet going forward it will be.
David Dayen pulls out one number that’s notable: earning were down by 1%.
None of this should lead anyone to believe that austerity should be the plan, but that is exactly what’s in everybody’s head in Washington.