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Unemployment for October 2015: November 6, 2015

Posted by geoff in News.
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The media are alight with the news that 271,000 jobs were added to the economy last month, but let’s see how the month stacks up by the IB metric:

FullTimeEmpvsCivPopNov2015

So, better than last month, but nothing special. It’s probably better because the weeks lined up better

Most of the jobs were added in low-paying jobs like retail sales, temps, social assistance, and serving food, though professional & technical services (probably relatively high paying jobs) accounted for 10% of the job increase.

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