Private companies have been expanding their payrolls throughout 2010, according to a Labor Department report released Friday. Private job growth had been overwhelmed by the elimination of temporary decennial Census jobs and layoffs by state and local government during the summer and early fall — until October.
Companies added 159,000 jobs last month, after a gain of 107,000 jobs in September. Governments cut 8,000 jobs following losses of 148,000 positions in September. October was much stronger than expected — most forecasts were for a gain of 60,000 jobs.
The report also revised the numbers for August and September. The August data was revised to reflect a loss of 1,000 jobs instead of 57,000, and September was revised to 41,000 losses instead of 95,000.
“The big picture from this report and some of the others recently all points to a pickup in growth in the beginning of the fourth quarter,” said John Ryding, chief economist at RDQ Economics. “The notion that economy might be double-dipping can now be safely tossed out.”
via nytimes.com
I love that voters had no idea of this. By love I mean hate. More to the point, I hate that the national democratic party is so inept that it couldn't explain this to voters in the face of arguments like "government is bad" and "death panels". I can't vote republican, but I can't support the DNC or the DCCC. So what can I do?
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