October 2011 – More Employees Added
Good news, in advance of the October 2011 Unemployment Figures, released today from ADP. Employers added 110,000 jobs in October – better than expected or anticipated.
Private companies vs Federal/State Jobs are important because over 70% of all jobs created in the US are with private companies.
Some of the companies surveyed included FedEX which added staff and intends to add more to handle the holiday rush. And the automotive companies have just released numbers showing sales were also up in October.
All of these are positive signs that we are moving in the right direction. However no one believes the unemployment rate is going to drop dramatically soon. It remains over 9% and will hopefully drop over time.