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September Jobs Report Says 114,000 Jobs Were Created,EmploymentCrossing Backs Reports of Improving Economy By Listing TwoMillion 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 Statisticsreports 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 alsorevised upwards the total number of jobs created in July and August. 86,000 more jobs were created in thosetwo months than previously believed. The Labor Department often revises the jobs data a few months afterreleasing 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. TheSeptember JOLTS report showed that there were 3.7 million job openings in July 2012. This report will alsoreveal the job search status of millions of Americans who change their jobs, known as churn (hires andseparations).

But the latest jobs figures have now become politicized, after former GE CEO Jack Welch tweeted that hebelieved the jobs figures to be cooked. “Unbelievable jobs numbers..these Chicago guys will do anything..can'tdebate so change numbers” Welch said in his first salvo over the jobs report on October 5. After generatingplenty of media coverage over this comment, the former GE executive has continued to tweet his position thatthe 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 EconomicsPaul Krugman. Krugman, in his October 5 column in the New York Times, has explained how the BLS collectsdata and comes to its conclusions. The agency collects its data in a manner that is publicly verifiable and longestablished as being a reliable method of coming to conclusions regarding the economy and labor marketcontends Krugman.

Krugman’s analysis of the agency’s reports over the past year show that the labor market is improving leadinghim to conclude that the job creation is consistently exceeding growth in the working-age population. Krugmanbelieves that even the number of people being reported as being too discouraged to find jobs and hence beingcounted 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 notcome from part-time jobs but from full-time work.

America’s leading job site, EmploymentCrossing, a job opening research institution which thousands of jobseekers trust with their job search needs, has also reported 1.9 million job openings as of the first week ofOctober. The leading job sectors are healthcare, with over 380,000 job openings and information technologywith 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 ofresearchers have been able to locate over the last few months point to a slow but steady recovery.

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Contact InformationPaul SucheckiEmploymentCrossinghttp://www.employmentcrossing.com/626-243-1801

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