Robust Jobs Data for October

The Labor Department on Friday issued robust jobs data for October, including a decline in the unemployment rate to 5%, the Wall Street Journal (11/7) reported.  The New York Times (11/7) said the addition of 271,000 jobs exceeded expectations.  The Washington Post (11/7) said the “stellar performance” has “provided welcome reassurance that the American economy can withstand powerful global headwinds, from the slowdown in China to the threat of deflation in Europe.” This is welcomed news for many small to mid-sized businesses seeking greater assurances of a consistant & sustainable growth pattern into 2016.  These indicators , and therefore, a greater committment to hiring both temporary and permanent employees.

James F. Lynch PhD, MBA – Regional Personnel Services ©2015