News & Events Details

Randstad Employment News Brief: October 2012

Read the full October 2012 Employment News Brief and other workforce insights at

In one of the most important and highly anticipated jobs reports of the year, the October employment situation kicks off the fourth quarter on a high note with 171,000 job gain and 7.9 percent unemployment rate. These latest job numbers are an indication the U.S. labor market may be embarking on a sustained recovery, with more companies loosening their reigns a bit to keep up with demand and productivity. Private-sector employment added 184,000, largely led by professional and business services (+51,000), healthcare (+31,000) and retail trade (+36,000). The number of temporary jobs increased by 13,600, or 0.5 percent, to 2.54 million in October. Year-over-year, the number of temp jobs rose by 182,400. Businesses appear to be adding consistently to their payrolls, even amidst the impending so-called fiscal cliff, which unless Congress acts, will usher in a host of tax increases and spending cuts.