On Nov. 5, 2010, the U.S. Labor Department reported 151,000 new nonfarm jobs created in October. Most forecasters predicted 60,000 job gains. The increase, however, did not budge the unemployment rate, which remained unchanged at 9.6 percent for the third month in a row.

The Labor Department did a major readjusting of its estimate of job losses in September from 95,000 to 41,000.

Private sector hiring in the services industry powered the turnaround, according to the report. The services sector comprises more than 80 percent of the U.S. economy.

The private sector added 159,000 jobs, while there was a loss of 8,000 government jobs. Service providers added 154,000 jobs.

The consensus forecast was for 60,000 new private-sector jobs in October. The Labor Department also adjusted its original September estimate of 64,000 private payrolls to 107,000.

?EUR??,,????'?????<

The jobs report suggests a stronger recovery is under way in the private sector than previously expected.

The Bureau of Labor Statistics reports there are 62, 414 landscaping and grounds keeping workers (6.77 percent) with Bachelor?EUR??,,????'?????<

Economists, however, generally believe monthly job growth needs to be in the 200,000 vicinity to effectively start cutting into the unemployment percentages.

?EUR??,,????'?????<

Wages and hours worked rose in October, the Labor Department reported. Employees worked an average 34.3 hours a week, up one-tenth point from September.

Average weekly earnings rose to 779.64 dollars from 775.66 dollars.

Although the October rate of job growth is encouraging, Heidi Shierholz, PhD, economist for the Economic Policy Institute, points out that at that monthly rate it would take the economy about 20 years to achieve the pre-recession five percent unemployment rates of Dec. 2007!

Unemployment ?EUR??,,????'?????<
Unemployment is a continuing concern. Despite the U.S. Department of Labor reporting 151,000 jobs
created in October, DOL?EUR??,,????'?????<

Congress extended unemployment benefits to an unprecedented 99 weeks, but the unemployment rate is projected to show little improvement, averaging 9.8 percent for 2011 fiscal year, according to the Congressional Budget Office 2011 Economic Forecast.

Jan Hatzius, Chief U.S. Economist for Goldman Sachs, projects unemployment will continue to rise even after the economy begins to rebound, reaching a peak unemployment rate of around 10.5 percent in 2011.

Not since the Great Depression has unemployment remained at such a high rate for so long. The unemployment rate has remained at 9.5 percent or higher for 14 straight months. That equates to almost 15 million unemployed people, but if you include those ?EUR??,,????'?????<

The National Employment Law Project anticipates 1.2 million workers will be cut off of federal jobless benefits by year?EUR??,,????'?????<