Home > Economy, Politics, Trends > BLS: Payroll Employment up 1.1 million in 2010 – 6 Million to Go

BLS: Payroll Employment up 1.1 million in 2010 – 6 Million to Go

January 10, 2011

Heard some bogus inflated numbers on employment today from a fund manager — so went straight over to the Bureau of Labor Statistics. See below for a quick summary and then go visit the BLS site for lots of good information. FYI: Most economists agree we need around 5-6 millions new full time jobs to get this party started.

Bureau of Labor Statistics reports: View entire Employment Situation Summary, click here

THE EMPLOYMENT SITUATION — DECEMBER 2010

The unemployment rate fell by 0.4 percentage point to 9.4 percent in
December, and nonfarm payroll employment increased by 103,000, the
U.S. Bureau of Labor Statistics reported today. Employment rose in
leisure and hospitality and in health care but was little changed in
other major industries.

PAYROLL EMPLOYMENT
January 10, 2011 (The Editor’s Desk is updated each business day.)
Payroll employment up 1.1 million in 2010. Since December 2009, total payroll employment has increased by 1.1 million, or an average of 94,000 per month.

Since December 2009, employment in education and health services has increased 422,000. Employment in professional and business services has increased 366,000, and since a recent low point in December 2009, leisure and hospitality has added nearly a quarter of a million jobs.

Sources:
Bureau of Labor Statistics

Current Employment Statistics – CES (National)

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