Three Industries, Thousands of Jobs


Unemployment in the U.S. took a turn for the worse in October, jumping above the 10% mark for the first time since 1983. While that is sure to send shivers down your job-searching spine, there is a bright side - employers hired 34,000 temporary workers in October and manufacturing overtime was up. Some sectors are even hiring!

All this is according to IHS Global Insight, which analyzes the government's monthly employment report. First, the bad part - people are still losing their jobs - 190,000 of them in October, but that's nearly 100,000 less than analysts were predicting. The biggest losses were in manufacturing, construction, retail trade and leisure/hospitality.

Originally published