Payrolls Rose in 34 U.S. States in October, Led by Florida
Source: Bloomberg
By Jeanna Smialek - Nov 22, 2013
Payrolls increased in 34 U.S. states in October and the unemployment rate fell in 28, a sign labor market progress is picking up across much of the country.
Florida led the nation with a 44,600 gain in employment last month, followed by California with 39,800 more jobs, Labor Department figures showed today in Washington.
The gains came even as federal government agencies partially shut down in the first half of the month, leading to the furloughing of about 800,000 workers at one point and biting into consumer and business confidence. Bigger gains in employment could help boost sentiment and household spending, which accounts for about 70 percent of the economy, ahead of the holiday shopping season.
“The job market held up better than many people anticipated in October,” Ryan Sweet, senior economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said before the report. “It seems like the underlying trend in the job market is turning.”
Read more: http://www.bloomberg.com/news/2013-11-22/payrolls-rose-in-34-u-s-states-in-october-led-by-florida-1-.html
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