{"168101":{"#nid":"168101","#data":{"type":"news","title":"October Jobs Report Shows Continued Economic Strength","body":[{"value":"\u003Cp\u003E\u003Cstrong\u003EThomas D. Boston\u003C\/strong\u003E, professor in the \u003Cstrong\u003ESchool of Economics\u003C\/strong\u003E at the Ivan Allen College of Liberal Arts, says the October jobs report shows continued economic strength. Boston\u0027s prepared the following analysis for his monthly appearance on CNN:\u003C\/p\u003E\u003Cp\u003E\u0022In my economics 101 class, I would give today\u2019s Jobs Report a grade of B, even though the unemployment rate increased slightly. Here is why.\u003C\/p\u003E\u003Cp\u003E\u0022The economy added 171,000 jobs in October, many more than analysts expected. The number of jobs added during the month of September was revised upward by 30%. This means the economy continues to add jobs at a moderately strong rate, averaging about 170,000 over the last three months.\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u0022The unemployment rate increased slightly from 7.8% to 7.9%. The increase was caused by a large increase in the number of persons reentering the labor market. Specifically, the civilian labor force expanded by 578,000 workers, and the number of workers \u0027not in the labor market\u0027 declined by 369,000. This means, workers are more optimistic about finding work.\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u0022Most new jobs were created in the following industries:\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003E\u0026nbsp;retail trades, 36,400\u003C\/li\u003E\u003Cli\u003Ehealthcare, 32,500\u003C\/li\u003E\u003Cli\u003Eleisure and hospitality, 28,000\u003C\/li\u003E\u003Cli\u003Econstruction, 17,000 (this is especially good news)\u003C\/li\u003E\u003C\/ul\u003E\u003Cp\u003E\u0022The unemployment rate increased significantly among blacks, but remained virtually unchanged for whites and Latinos. Among blacks increased from 13.4% to 14.3%. The increase in the black unemployment rate was caused by the large number who reentered the labor market. Specifically, while the labor force increased by 578,000 workers; 68% of that number (387,000) was attributable to blacks.\u0022\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003EBlack unemployment rate: 14.3% in October and 13.4% in September\u003C\/li\u003E\u003Cli\u003EWhite unemployment rate: 7.0% in October and 7.0% in September\u003C\/li\u003E\u003Cli\u003ELatino unemployment rate: 10.0% in October and 9.9% in the September\u003C\/li\u003E\u003C\/ul\u003E\u003Cp\u003EOverall numbers:\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; October\u003Cstrong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; September\u003C\/strong\u003E\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u003Cstrong\u003ENet Jobs Created\u003C\/strong\u003E\u003C\/strong\u003E\u0026nbsp;\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;171,000 \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;148,000 (114,000)\u003Cstrong\u003E\u003Cbr \/\u003EPrivate Sector\u003C\/strong\u003E\u0026nbsp;\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;\u0026nbsp; \u0026nbsp;184,000 \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;128,000 (104,000)\u003Cstrong\u003E\u003Cbr \/\u003EGoverment Sector\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;-13,000 \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;20,000 (10,000)\u003C\/p\u003E\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EIndustry Job Change\u003C\/em\u003E\u003Cbr \/\u003ERetail Trade\u0026nbsp;\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 36,400\u003Cstrong\u003E\u003Cbr \/\u003EHealthcare\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;32,500\u003Cstrong\u003E\u003Cbr \/\u003ELeisure \u0026amp; Hospitality\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; 28,000\u003Cstrong\u003E\u003Cbr \/\u003EConstruction\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 17,000\u003Cstrong\u003E\u003Cbr \/\u003E\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003E\u003Cstrong\u003EUnemployment\u003C\/strong\u003E\u003C\/em\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 7.9% \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 7.8%\u003Cem\u003E\u003Cstrong\u003E\u003Cbr \/\u003E\u003C\/strong\u003E\u003C\/em\u003E\u003Cstrong\u003EWhite\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 7.0% \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 7.0%\u003Cstrong\u003E\u003Cbr \/\u003EBlack\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;14.0% \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 13.4%\u003Cstrong\u003E\u003Cbr \/\u003ELatino\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 10.0% \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp;9.9%\u003Cstrong\u003E\u003Cbr \/\u003ETeenage\u003C\/strong\u003E\u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 23.7% \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; \u0026nbsp; 23.7%\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003E\u003Cstrong\u003EThomas D. Boston\u003C\/strong\u003E, professor in the\u0026nbsp;\u003Cstrong\u003ESchool of Economics\u003C\/strong\u003E\u0026nbsp;at the Ivan Allen College of Liberal Arts, says the October jobs report shows continued economic strength. Boston\u0027s prepared the following analysis for his monthly appearance on CNN.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":"","uid":"27167","created_gmt":"2012-11-02 12:15:19","changed_gmt":"2016-10-08 03:13:06","author":"Rebecca Keane","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2012-11-02T00:00:00-04:00","iso_date":"2012-11-02T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"124661":{"id":"124661","type":"image","title":"Thomas \u0022Danny\u0022 Boston","body":null,"created":"1449178593","gmt_created":"2015-12-03 21:36:33","changed":"1475894746","gmt_changed":"2016-10-08 02:45:46","alt":"Thomas \u0022Danny\u0022 Boston","file":{"fid":"194472","name":"danny_boston_200x300.jpg","image_path":"\/sites\/default\/files\/images\/danny_boston_200x300_2.jpg","image_full_path":"http:\/\/www.tlwarc.hg.gatech.edu\/\/sites\/default\/files\/images\/danny_boston_200x300_2.jpg","mime":"image\/jpeg","size":39814,"path_740":"http:\/\/www.tlwarc.hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/danny_boston_200x300_2.jpg?itok=xgnKB6yC"}}},"media_ids":["124661"],"groups":[{"id":"1281","name":"Ivan Allen College of Liberal Arts"}],"categories":[{"id":"134","name":"Student and Faculty"}],"keywords":[{"id":"290","name":"Economy"},{"id":"4012","name":"jobs"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003ERebecca Keane 404-894-1720\u003C\/p\u003E","format":"limited_html"}],"email":["rkeane@comcast.net"],"slides":[],"orientation":[],"userdata":""}}}