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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

About James F. Lynch

Dr. Lynch founded his first recruiting firm, Strategic Access Inc. (SAI), in 1998 with over 17 years of experience within the pharmaceutical industry in business development, new product & market development, strategic alliances, operations & administration. In 2000, Dr. Lynch joined Reliant Pharmaceuticals as a founding member and Executive Director of Business Development, subsequently forming Commercial Operations as Vice President. Dr. Lynch returned to SAI in 2004 to assume the role of President, and in 2014 acquired Regional Personnel.