What shutdown? Jobs growth strong in October
November 8th, 2013
09:07 AM ET
1 year ago

What shutdown? Jobs growth strong in October

New York (CNNMoney) – What shutdown? Job growth unexpectedly surged in October, even as the federal government closed its doors for 16 days.

The U.S. economy added 204,000 jobs, according to the Bureau of Labor Statistics. That was well above economists' expectations. There was more good news about hiring during the late summer. Revisions showed an extra 60,000 jobs were created in August and September.

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Filed under: CNNMoney.com • Government Shutdown • unemployment
soundoff (96 Responses)
  1. Ol' Yeller

    Fair wrote- "Don't have to be an actuary to figure out that to cover all of the uninsured, many which are adverse risk, you have to have a very large risk pool to make the program financially viable. We shall see, won't we?"

    You don't have to be a genius to factor into your numbers that Insurance carriers no longer are allowed to pocket enormous profits by denying care and treatment to their customers. They now have to pay out 80% of their take in on actual care. The fact that they can no longer do this will now free up those billions for care which they can only make up by taking in more folks. Do you hate the free market, or do you just not understand fundamental arithmetic?
    And, yes we shall see. We will wait patiently for your and just asking/saying, tom I, and Rick McDaniel's heartfelt apologies when the ACA becomes a much loved program that even te abag gers will make signs telling the libruls to keep their hands off their Obamacare.
    But we won't hold our breath...

    November 8, 2013 11:05 am at 11:05 am |
  2. the hippies were right

    @A True Conservative, "conservatives are looking for honesty". If that ain't a load of bull! If you found honesty you people wouldn't get to hate Obama, and that isn't acceptable is it?

    November 8, 2013 11:05 am at 11:05 am |
  3. Data Driven

    @much thunder,

    "2 wk vacation ...not bad for sitting on your butt.. and still get paid..shut down.. nope...just bs and waste of money"

    I was expecting a MUCH stronger chorus of i-told-you-sos from conservatives this morning, but I keep reading about 2-week vacations for federal employees, instead. I guess y'all realized you'd be defending a jobs report in an Obama presidency and just thought better of it, eh?

    November 8, 2013 11:07 am at 11:07 am |
  4. Ol' Yeller

    Fair is Fair

    Evergreen

    Tax payers are still owed 24 billion dollars.
    --–
    Obama's borrowing it from the Chinese. He'll have the money in 6 days.

    Uh, Fair.... Odama doesn't control the 'purse strings' remember... that is Congress. You not only do not undesrtand the fundamentals of arithemetic, you also have no grasp of how our governemnt actually works, do you?
    Are you out of Junior High?

    November 8, 2013 11:12 am at 11:12 am |
  5. Rudy NYC

    Fair is Fair

    Rudy NYC

    SNAP participation creeps upward every time that they open up a new Wal*Mart.
    The local small businesses suffer and close up shop every time that they open up a new Wal*Mart.
    --–
    It's G.W. Wal*Mart's fault.
    =======================================
    "I suppose when one's got nothing else to say, one comes up with a jewel of wisdom."

    Practicing what you preach? Good for you. You're no hypocrite. BTW, your humor, keep your day job.

    November 8, 2013 11:14 am at 11:14 am |
  6. Bill from GA

    Sniffit "Walmarts are societal parasites that kill regional economies."

    I go to Walmart about once a month, because it is roughly ten minutes away.

    The Kroger, Publix, Aldi, Ingles and Home Depot are more like five to seven minutes away.

    Does it make you sad that these other big-box, national chains are loosing money to Walmart??

    November 8, 2013 11:15 am at 11:15 am |
  7. cumulus

    Fair, a nurse with zero compassion, nice, and one who thinks herself and hubby are above the policies that will hurt, what happens when those who can't jeep themselves from attacking the low hanging fruit, then what, their appetite is insatiable, your not above it honey, you just think you are

    November 8, 2013 11:22 am at 11:22 am |
  8. Dominican mama 4 Obama

    Fair is Fair

    Evergreen

    Tax payers are still owed 24 billion dollars.
    --–
    Obama's borrowing it from the Chinese. He'll have the money in 6 days
    -------------------------------------------------
    So the President is once again having to clean up behind the reckless, temper-tantrum-throwing so-called "fishcall conserve-a-tips" that were responsible for the shutdown.
    Got it.

    November 8, 2013 11:25 am at 11:25 am |
  9. Hector Slagg

    Well,
    It is November. The Holiday Season is just around the corner. Temporary jobs for the holidays may not last. After the Huge Housing mess, caused by loosening of the banking regs by the Liberal's now beginning to even out perhaps, just perhaps jobs may return. Caution! Don't count your chickens before they hatch. As long as Obama Care is staring the country in the face any real recovery is way down the road. By being cautious over the many years we are in pretty good shape but I'm not bragging! Don't depend on the government too much and you will be fine.

    November 8, 2013 11:27 am at 11:27 am |
  10. Fair is Fair

    Bill from GA

    Sniffit "Walmarts are societal parasites that kill regional economies."

    I go to Walmart about once a month, because it is roughly ten minutes away.

    The Kroger, Publix, Aldi, Ingles and Home Depot are more like five to seven minutes away.

    Does it make you sad that these other big-box, national chains are loosing money to Walmart??
    --------
    No. ANY free-market success story makes him sad.

    November 8, 2013 11:28 am at 11:28 am |
  11. Sniffit

    "Does it make you sad that these other big-box, national chains are loosing money to Walmart??"

    Your comment didn't make any sense whatsoever and shows you don't really understand the issue and haven't done your reading on the subject. Other big box stores are just as parasitic. How many small businesses and additional jobs would exist in your region if these stores hadn't moved in and killed them? Studies show: thousands.

    November 8, 2013 11:29 am at 11:29 am |
  12. Dominican mama 4 Obama

    @ Ol' Yeller
    Loving your responses to Fair is Fair.
    Great posts as always.
    Thanks.

    November 8, 2013 11:35 am at 11:35 am |
  13. Data Driven

    @Hector,

    "It is November. The Holiday Season is just around the corner. Temporary jobs for the holidays may not last"

    We actually agree on something. If conservatives cared to argue that 12,000 manufacturing jobs is far too low, I'd agree with them.

    But don't worry, I'm sure we have VERY different ideas about how to address that problem. :)

    November 8, 2013 11:40 am at 11:40 am |
  14. Fair is Fair

    cumulus

    Fair, a nurse with zero compassion, nice, and one who thinks herself and hubby are above the policies that will hurt, what happens when those who can't jeep themselves from attacking the low hanging fruit, then what, their appetite is insatiable, your not above it honey, you just think you are
    ------–
    No compassion, eh? Close to 25 years of caring for the ill when they can't care for themselves and you say no compassion. Walk a mile in my shoes, sister, and then bark.

    November 8, 2013 11:41 am at 11:41 am |
  15. The REAL Truth...

    @Fair is Fair – No. ANY free-market success story makes him sad.
    ------------------------------
    So why all the fuss over ACA ?? It forces EVERYONE to go to that wonderful "free-market" insurance pools the righties espouse, and does away with Govt funded insurance (Medicare). That was the intent of the conservative plan that is mostly ACA. We don't know if it will be a disaster yet....but that is typical foxbot parroting.
    And once again our illustrious House Obstructionist party is wasting taxpayer dollars on another witch-hunt – this time over the ACA website rollout (it's a website folks.. get a grip) and complaining how all those poor folks CAN'T SIGN UP LEGISLATION THEY HAVE TRIED TO REPEAL 42+ times. Hypocrisy much?? But DO please continue whining like the they are.

    November 8, 2013 11:44 am at 11:44 am |
  16. Rudy NYC

    Hector Slagg

    Well,
    It is November. The Holiday Season is just around the corner. Temporary jobs for the holidays may not last. After the Huge Housing mess, caused by loosening of the banking regs by the Liberal's now beginning to even out perhaps, just perhaps jobs may return.
    -------------------–
    The historical rewrites by the right wing are amazing. Hey, Hector. Try doing a web search for "American Dream Downpayment Initiative" That's a piece of legislation that was passed in 2004 by a fully Republican Congress, one that had been running the show for a decade. and signed into law by a Republican President. George W. Bush.

    The ADDI basically gave away hundreds of millions of dollars per year to "first time home buyers", in $10,000 grants, to use towards a down payment on their first home purchase. That wasn't the bad part. The bad part was that it also asked for lenders to "simplify the language" on their mortgages so that people wouldn't have to go out and hire an attorney and an accountant to read the mortgage contracts.

    This "simplified language" led directly to the predatory loans that people signed off on without professional advice. Banks began using the "simplified language" across the board in all of their mortgages, and not just for first time buyers.

    November 8, 2013 11:45 am at 11:45 am |
  17. w l jones

    Health care construction centers at and all time high and this is the tip of ice bud which spell more Docters, Nurses and support people !!job jobs better health care all over America.

    November 8, 2013 11:45 am at 11:45 am |
  18. Sniffit

    "No. ANY free-market success story makes him sad."

    The cornerstone of all "free market" theory is competition. If you don't understand that what I'm describing is the manner in which studies find that these giant big box stores destroy and impede competition, then you don't understand the first thing about the issue nor the reasons they have the profound negative effects on regional economies that they do. They are about as anti-free-market and anti-competition as it can get without crossing the line into literal monopoly/oligopoly territory.

    November 8, 2013 11:46 am at 11:46 am |
  19. smith

    Of course there`s a job surge. Big business is getting ready for the hoildays along with all the seasonal workers. Also,people are picking up some extra work to pay for holiday expenses.

    November 8, 2013 11:47 am at 11:47 am |
  20. Rudy NYC

    Fair is Fair wrote:

    "Does it make you sad that these other big-box, national chains are loosing money to Walmart??"

    No. ANY free-market success story makes him sad.
    -------------------
    Actually, most people would prefer the friendly, personal service that the "Mr. Kimball" types from "Green Acres" delivered.

    November 8, 2013 11:55 am at 11:55 am |
  21. Sniffit

    Blah blah holiday job surge. It was 171,000 jobs created last October. This represents 33,000 more, an increase of about 20%. Anyone want to explain to the class what lies behind the economy created 20% more jobs this October than last October? Bonus question: how many more jobs would have been created had $24B not been removed from the economy, GDP not been damaged to the tune of approximately $4B and economic growth not been slowed by 1% for Q4?

    November 8, 2013 11:56 am at 11:56 am |
  22. w l jones

    These big boxies made small business went the way of the ice boxes alone with millions of jobs.

    November 8, 2013 11:57 am at 11:57 am |
  23. Bill from GA

    Sniffit "Your comment didn't make any sense whatsoever and shows you don't really understand the issue and haven't done ... "

    OH, I get it!! i should drive 20 or 30 minutes to a 'Hip' area and support some boutique shops. I remember when I lived in NYC, where they were just around the corner. Paid their workers cash, to avoid the taxes. Charged high prices, too.

    And if my comment made no sense to you, it probably DID to most people, living in suburban areas, all over the developed world. if you prefer to live without the advantages of large scale production and marketing, you could surely find a nice life in the undeveloped parts of the world, without the evils our capitalist economy encourages. Its too bad you can't understand that not all Americans support your economic view. If they did, our economy would not work at all. And I'm sure that statement makes no sense to you, either.

    November 8, 2013 12:02 pm at 12:02 pm |
  24. Lynda/Minnesota

    @ smith
    Of course there`s a job surge.
    ------------

    Hey, smith. Thanks for the encouragement. No, seriously. Any job surge is good for America. Could / should job growth numbers be better? Absolutely.

    That being said, I appreciate your cheerful outlook re: holiday spending.

    How refreshing.

    November 8, 2013 12:04 pm at 12:04 pm |
  25. Thomas

    It wold have been better with out the distraction of a shutdown . The housing market was put on hold for two weeks.

    Thanks Ted Cruz.

    Green Eggs and Ham

    November 8, 2013 12:07 pm at 12:07 pm |
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