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Jobs Numbers:  Breakdown by Sector

The US economy added 151,000 jobs in October, while the unemployment rate remained at 9.6%. The growth came from gains in the private sector, with 159,000 jobs added in October. The report is much better than expected as economists had anticipated gains of only 60-75,000.

During the recession, the peak of losses was 779,000 lost jobs in January 2009, compared to the 2001 recession, when monthly losses hit a high of 325,000. The 1990-91 recession peaked at 306,000 losses -numbers generally peak toward the end of a recession, making employment a lagging indicator. Note that the unemployment rate peaked at 10.8% at the end of the 1981-82 recession.


Here is a breakdown of the jobs report by sector. Professional services added the most jobs in October.

Total change in non-farm payroll = + 151,000

  • Private Sector = + 159,000
    • Logging & Mining = + 7,000
    • Construction = + 5,000
    • Manufacturing = - 7,000
      • Durable goods = - 3,000
      • Non-durable goods = - 4,000
    • Services = + 154,000
      • Wholesale Trade = + 7,300
      • Retail Trade = + 27,900
      • Transportation & Warehousing = - 100
      • Information Technology = - 1,000
      • Financial Svcs = - 1,000
      • Professional & Business Svcs = + 46,000
      • Education & Health Svcs = + 34,000
      • Leisure = - 5,000
  • Government = - 8,000

The futures are trading down on the news.

Comments? Send them to bythenumbers@cnbc.com

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