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Unemployment in October: New hires, but not enough

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SoldAtTheTop / The Paper Economy

(Read caption) Private employment over the past decade shows that the number of hires continues to recover from the trough of summer 2009, but remains well below the pre-recession peak.

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Today’s Employment Situation Report showed that net nonfarm payrolls increased 151,000 while private nonfarm payrolls added 159,000 and the unemployment rate stayed flat at 9.6%.

It's important to note that private sector job creation increased 0.15% since last month remaining a whopping 6.36% below the peak level of employment seen in December 2007 though, on a year-over-year basis, private jobs showed a second notable increase of 1.03%.

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