Envisioning Employment: Employment Situation October 2011

Today’s Employment Situation Report showed that in October, net nonfarm payrolls increased slightly from September with private nonfarm payrolls adding just 104,000 jobs and the unemployment rate remaining flat at 9.0% over the same period.

Net private sector jobs increased 0.10% since last month climbing 1.69% above the level seen a year ago but but remained a whopping 5.25% below the peak level of employment seen in December 2007.