I had the idea last night to do a quick monthly take on the positive aspects of the Bureau of Labor Statistics’ monthly report of the employment situation, since they are often not reported.
Little did I know that today’s data for November would be such a welcome surprise. The report was the most positive since December 2007.
Quick highlights:
- Unemployment dropped to 10% from 10.2% last month.
- Total job losses were 11,000.
- Temp jobs were up 52K (part of an overall business svcs increase of 86K).
- Health care jobs up 40K; department stores added 8K jobs.
- Job losses were revised significantly downward for Oct (111K from 190K) and Sept (139K from 239K).
I may add more highlights as I spend more time looking at the report.
