The jobs news is out, Payrolls Surge, Third Straight Rise. Pay close attention to this paragraph:

A large portion of the payrolls increase came from the service sector, which added 143,000 jobs, the largest climb since January. The Labor Department said a grocery strike and lockout affecting 70,000 workers in Southern California had a net positive impact on employment.

This is on the second page of the link. From what I understand of this it means that when these people came back from striking they were counted as being rehired. That's 70,000 workers counted as rehired who were just coming back from a strike. This is not job creation! Here is how the article starts:

The U.S. economy added more than twice the number of jobs expected in October, the third straight monthly gain, and the jobless rate fell, the government said on Friday in a report pointing to a labor market recovery.

The Labor Department also made substantial upward revisions to payrolls for August and September, a sign sizzling economic growth in the third quarter translated into more jobs.

The number of workers on U.S. payrolls outside the farm sector in October soared 126,000, the largest rise since January, after climbing 125,000 in the previous month. The number far outstripped analyst expectations for a 58,000 gain.

Now I'm no math major but 126,000 less 70,000 leaves 56,000. Which would be right at what they estimated, 58,000. Boy them statistics is some funny thangs!
- posted by Mom/Dad @ 9:52 AM