Emploment Reports Shows Gain of Jobs
The Labor Department reported Friday that 166,000 new jobs were added this October and payrolls grew more than twice than analysts predicted.
The NY Times reports that the current pace of new jobs is the fastest in five months. However, they also report that investors are still weary about the future. The stock markets were kept down most of the day. The Dow Jones Industrial gained 27.23 points to get to 13,595.10. Another thing keeping investors down is the fact that analysts predict a the forth quarter will include a broad slow down in spending and growth, according to the report.
The Washington Post report is a little more optimistic. The reporter said that this is a sign that the economy has not slowed down like analysts have predicted. The report also gave different sectors that increased jobs. Public schools had the most new jobs with 34,600 jobs, the health sector had with 34,400 new job and employment service firms had 33,500 new jobb.