NEW YORK (CNNMoney.com) -- After months of painful losses, the economy added jobs last month, spurring hopes that the labor market may finally be turning around.
The economy added 151,000 jobs in October, the Labor Department reported Friday, an improvement over September, when the economy lost 41,000 jobs.
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This is a great sign for America's labor market. We still have a LONG way to go though. The unemployment rate in America is still unacceptably high (9.6%). "We've now seen four months of private-sector job growth above 100,000, which is the first time we've seen this kind of increase in over four years," he said. "That's not good enough. The unemployment rate is still unacceptably high and we've got a lot of work to do." - President Obama.
Even though this a a positive posting, its still very glassy. To stay safe, the labor force in America needs to add 150,000 jobs per month just to keep up with population growth and nearly 300,000 just to make a dent in the unemployment rate.
This cartoon made me think about a lot of my friends who have graduated college with degrees over the past 2 years. Very few have found a job they are happy at, well there happy to have one, but not the job they expected leaving school with a masters degree in business, marketing, advertising, or management ect. I hope this is a good sign for our future and the growth for jobs in the American labor market keep rising.
hahahaahahhahahaah you guys are fucking retarded you hope that the growth for jobs in the american labor markey keep rising ahahahaha what does that even mean????
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