Some highlights of today's employment report:
1. The September jobless rate remained unchanged at 9.6%.
2. Private-sector payroll employment increased in September for the ninth straight month (every month this year). The increase of 64,000 jobs last month brings the total number of private-sector jobs added this year to 863,000, which is the largest 9-month gain in private payroll employment since the summer of 2007 (see top chart above).
3. Temporary employment increased in September by 16,900 jobs to a total of 2,128,600, the highest level for temporary employment since October 2008, almost two years ago (see bottom chart above). Except for a small decrease in July, temporary help services employment has increased in each of the last 12 months.
4. Average overtime hours for manufacturing rose slightly in September to 3.9 hours from 3.8 hours in August, matching the 3.9 hours in May and June, which is the highest level of overtime hours since 4.0 hours in April 2008.
MP: Today's employment report suggests a weak, but ongoing, slow recovery in the labor market, with no indications that a double-dip recession is a real threat.
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