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November 2009

Despite rising unemployment, jobs report shows further signs of improvement.


Following the release of the October National Jobs Report, Adecco Group North America CEO Tig Gilliam discusses the economy’s effects on the job market.

 

Job growth = -190,000

Unemployment rate = 10.2%

Average hourly earnings
= +$0.05

Average work week
= 33 hours


Please select the appropriate month below.


 
Our outlook
While the October jobs report had a higher-than-anticipated unemployment rate, the 10% barrier was something that economists expected would happen. Many even predict that unemployment may get slightly worse before we start to experience a recovery.
read on

Sector watch

Regional insights

The news

Is the recession really over?
With Gross Domestic Product (GDP) growth at 3.5% and both factory productivity and retail sales on the rise, many experts are saying that the recession is over. However, record high unemployment numbers make us wonder – is it really?
our analysis

Veterans struggle to find employment.
With Veterans Day taking place this month, it’s important to thank those who’ve served our country and acknowledge the challenges they face in the workforce.
our analysis

Update on the government stimulus package.
In January, the government launched a stimulus program to help kick-start the economy. A recent government report outlined the number of jobs saved or created as a result.
our analysis


CEO insight


“Job opportunities exist even in this still-challenging labor market.”
– Tig Gilliam, CEO, Adecco Group North America
    U.S. News & World Report, November 6, 2009

 

 

 
Summary Questions bls.gov economy.com