103K Hired, Unemployment Stays At 9.1%

SOUTHFIELD (WWJ/AP) – Better than expected news emerged today about jobs. The Labor Department says employers added 103,000 jobs last month, while the unemployment rate held steady at 9.1 percent.

WWJ and Fox 2 Business Editor Murray Feldman said the good news is due in part to a lot of small business hiring.

“We went through several months where there was no small business hiring, so some of them are hiring. Some of them are gearing up for the end of the year,” said Feldman. “We understand that there will be 500,000 seasonal jobs opening up from coast to coast with the major retailers between now and the end of the year.”

What about in Michigan? Feldman said there are some encouraging signs here.

“We hear that we’re adding job in construction because a lot of big construction jobs that are going on, not the normal home-building … commercial jobs in the health care field as well,” said Feldman.

Feldman added that new contracts  at Ford, GM and Chrysler should mean more stability in the auto industry, too.

“We should also see some of the manufacturing jobs coming back because auto sales are running about 10 percent higher than they were last years, so that means production is going to be ramping up,” he said.

Gail Haynes, the employment services program coordinator at the Michigan Works Career Center in Southfield, says that local unemployment numbers are up slightly. But she said it’s not all bleak.

“The good news is we’re seeing many more job postings come available, and they’re for good jobs … engineering jobs we haven’t seen in awhile,” said Haynes.

The U.S. Labor Department said Friday it has revised the previous two months to show that companies hired at a stronger pace than first estimated.

Employers added an average of only 72,000 jobs in the past five months. The economy must create about twice as many consistently just to keep up with population growth.

Nearly half of the gains last month were due to the rehiring of 45,000 striking Verizon employees.

The private sector added 137,000 jobs in September, up sharply from August, but below July’s revised total. Government shed 34,000 jobs. Local governments cut  teachers and other school employees.

More Americans are working part time but would prefer full-time work. When added  to those out of work who have given up looking, the so-called “underemployment”  rate rose to 16.5 percent from 16.2 percent.

– More on national employment numbers at this link –

More from Murray Feldman
Comments

One Comment

  1. business review says:

    .Source Suzane Lucas bNet.Im about six years into my IT career and like any business person I am always keeping my eye on the market.. .Source Laura Sanders Melanie Trottman Wall Street Journal.Businesses that have been improperly labeling their employees as independent contractors got a surprise break Wednesday A new Internal Revenue Service program will allow those businesses to reclassify workers and make only a small payment to cover past payroll taxes.. .Source Tony Schwartz Harvard Business Review.More than 100 studies have now found that the most engaged employees — those who report theyre fully invested in their jobs and committed to their employers — are significantly more productive drive higher customer satisfaction and outperform those who are less engaged..

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen