Jobs Report for October: Here’s What to Watch For
“Florence actually held down the jobs growth number last month, the item was below where we’ve been trending,” Mr. Anderson said. “We do expect some bounce back. Jobs came back inside Carolinas.”
The expected rebound, however, could be dampened by Hurricane Michael, which Gov. Rick Scott labeled “the worst storm which our Florida Panhandle has seen in a century.” In Florida as well as also Georgia, jobless claims rose by 10,000.
Nikhil Sanghani, an economist at Capital Economics, said in a research note which “uncertainty around the hurricanes means which we would likely not be surprised to see a markedly higher or lower number for employment.”
Holiday Season’s Approach
Worries about fierce competition for holiday hires have prompted employers to be more aggressive by putting offers out earlier than usual as well as also raising wages, recruiters said. The global outplacement as well as also executive coaching firm Challenger, Gray & Christmas, which tracks hiring announcements, has reported which companies are looking to add 700,000 seasonal workers, the largest number since 2014.
The Bureau of Labor Statistics regularly adjusts employment figures to account for seasonal modifications, nevertheless here, too, unusual shifts may not be fully captured as well as also could artificially inflate (or deflate) the monthly totals.
United Parcel Service has said the item plans to hire 100,000 people for the holidays. Several applicants for packing or delivery positions who showed up at the company’s hulking customer center in Manhattan during a recent nationwide hiring drive said they hoped temporary stints would likely turn into permanent jobs. A company spokesman said seasonal positions paid $10.35 to $30 an hour, depending on the location.
“I’m just praying,” said Chanique Cox, 42, knocking her knuckles on a wooden counter as well as also clicking her blue nails. “I’m only finding temporary jobs. I would likely love the item if I got a permanent job.”