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September Jobs Report Says 114,000 Jobs Were Created, EmploymentCrossing Backs Reports of Improving Economy By Listing Two Million Job Openings

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					September Jobs Report Says 114,000 Jobs Were Created,
EmploymentCrossing Backs Reports of Improving Economy By Listing Two
Million Job Openings
The Bureau of Labor Statistics has said that there were 114,000 net jobs created in September.
EmploymentCrossing has also been able to locate 1.9 million job openings.
Pasadena, California (PRWEB) October 09, 2012 -- The latest jobs report from the Bureau of Labor Statistics
reports that the economy added 114,000 jobs in September.

This means that the unemployment rate is now 7.8 percent, compared to 8.1 in August. The BLS has also
revised upwards the total number of jobs created in July and August. 86,000 more jobs were created in those
two months than previously believed. The Labor Department often revises the jobs data a few months after
releasing its monthly jobs report.

The other important report to watch out for is the JOLTS (Job Opening and Labor Turnover Survey) report,
which will be released on October 10. This will reveal the number of job openings for August 2012. The
September JOLTS report showed that there were 3.7 million job openings in July 2012. This report will also
reveal the job search status of millions of Americans who change their jobs, known as churn (hires and
separations).

But the latest jobs figures have now become politicized, after former GE CEO Jack Welch tweeted that he
believed the jobs figures to be cooked. “Unbelievable jobs numbers..these Chicago guys will do anything..can't
debate so change numbers” Welch said in his first salvo over the jobs report on October 5. After generating
plenty of media coverage over this comment, the former GE executive has continued to tweet his position that
the jobs figures being reported do not sound believable.

But the BLS has found plenty of supporters in the economics field, including Nobel Prize winner in Economics
Paul Krugman. Krugman, in his October 5 column in the New York Times, has explained how the BLS collects
data and comes to its conclusions. The agency collects its data in a manner that is publicly verifiable and long
established as being a reliable method of coming to conclusions regarding the economy and labor market
contends Krugman.

Krugman’s analysis of the agency’s reports over the past year show that the labor market is improving leading
him to conclude that the job creation is consistently exceeding growth in the working-age population. Krugman
believes that even the number of people being reported as being too discouraged to find jobs and hence being
counted as out of the workforce is vastly exaggerated.

Ezra Klein, columnist for the Washington Post, has also conceded that the jobs growth in September did not
come from part-time jobs but from full-time work.

America’s leading job site, EmploymentCrossing, a job opening research institution which thousands of job
seekers trust with their job search needs, has also reported 1.9 million job openings as of the first week of
October. The leading job sectors are healthcare, with over 380,000 job openings and information technology
with almost 250,000 openings. Other major sectors with a good number of openings include sales (195,000),
engineering (165,000) and nursing (124,000). EmploymentCrossing CEO Harrison Barnes is also optimistic


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about the jobs recovery in the country. He believes that the increasing number of job openings his team of
researchers have been able to locate over the last few months point to a slow but steady recovery.




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Contact Information
Paul Suchecki
EmploymentCrossing
http://www.employmentcrossing.com/
626-243-1801


Online Web 2.0 Version
You can read the online version of this press release here.




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Description: The Bureau of Labor Statistics has said that there were 114,000 net jobs created in September. EmploymentCrossing has also been able to locate 1.9 million job openings.