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Revised data reveals three consecutive months of job gains It came as a surprise to many. Not only did the latest employment data reported by the Department of Labor reveal larger-than-expected job gains for October, but revisions in the data revealed job gains during August and September as well. "The October Employment Situation Report issued by the Bureau of Labor Statistics (BLS) showed strong growth in both non-farm payroll jobs and total employment," said Ron Bird, chief economist for the Employment Policy Foundation in Washington, D.C. "Based on the BLS establishment survey of employers, the economy saw an increase of 126,000 non-farm payroll jobs in October. The report also included an upward revision of 160,000 jobs for August and September, which included 125,000 net new jobs above BLS' original September job count." According to Bird, the BLS typically revises its monthly establishment survey data for two successive months as lagging data is reported by the state employment service agencies that collect it. "This new data means August saw an increase of 35,000 new jobs, not the decline of 93,000 jobs originally reported.
Approximate Word count = 716
Approximate Pages = 2.9
(250 words per page double spaced)
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