October U.S. employment has improved, a net increase of 151,000 jobs, about 5 months is the most significant growth. However, unemployment remains high, the third consecutive month steady at 9.6%. But as Christmas approaches, the data shows retail industry is increasing efforts to hire someone to do a good job for holiday sales.

U.S. unemployment is currently about 1,500 people, if you want to reduce this figure, the United States must increase a month at least 200,000 job opportunities.

Concerns about the unemployment rate also contributed to the Federal Reserve (FED) decided last week to launch a 600 billion U.S. dollars plan to revive the economy.

Increase of more than 150,000 job openings

Private employers added jobs in October of 15.9 million employees, higher than the estimate of economists generally 1 times. Which, in addition to 7,000 jobs to reduce accidents manufacturing, services increased by 14.6 million jobs, increase the recruitment of 5,000 construction, retail trade added 27,900 jobs. In addition, government departments laid off 8,000 people.

Zandi, chief economist at Moody’s, said: “We need more strong growth in order to allow the economy to growth.” If you want to reduce the unemployment rate because the U.S. every month to create 20 million jobs. This is also why the Federal Reserve to spend 600 billion U.S. dollars to buy Treasury bonds to stimulate the economy reasons.

Federal Reserve Chairman Ben Bernanke in the “Washington Post” the author, explain the 600 billion U.S. dollars in the open market operations to include the reasons for the employment market is still weak: “group of people can not find full-time work, many unemployed have been unemployed for more than 6 months . ”

However, some economists believe the Fed action to promote employment of limited effect, partly because the Americans in the past two to continually reducing the debt ratio, lower interest rates would help them reduce debt, but they will not increase the new loan .

Obama would like to see growth in employment figures

President Obama said, in October continued the new jobs the U.S. private sector employment growth for 10 consecutive months of trend. He said the private sector since January this year has increased more than 100 million jobs, but he acknowledged that those numbers are enough to reduce the persistence of unemployment.

Obama said: “Now we have seen, the private sector job growth for 4 months more than 10 million people. This is the first time 4 years we have seen such growth, but not good enough. The unemployment rate is still high enough to allow people can not accept, we have a lot of work to do. ”

Polls show a stagnant economy, especially the stubborn problem of unemployment in the mid-term elections the Republicans a major victory.

Additional retail staff

In recent weeks, several large retailers have announced that they will increase staff during the festive season. According to the U.S. “Market Watch” report, holiday retail sales growth is expected the scope of the Group will probably increase with the year-ago quarter, or 3.5%, and because of the Christmas promotional activities started early this year, retailers began hiring sales staff earlier.

Reported that Macy’s stores in the U.S. 6.5 million employees will be seasonal, Kohl company will employ more than 40,000 seasonal employees, Toys “R” will recruit 1 million people. Even in a state of bankruptcy during the holiday season Blockbuster also plans to hire about 4,000 seasonal employees.

October last year to 12 months, because the retail business downturn, only with fewer employees, the overall reduction of 6.9 million jobs. October the previous year to 12 months the worst, a total reduction of about 30 million jobs, is the record of the history of worst Christmas sales periods.

Although a substantial reduction in this year’s holiday staff situation is not expected to happen, but reported that the vendors do a good job and there are plans to seek a good retailer to stock clearance. After entering the peak season will still be very cautious and make the poor sales will offer discounts if the sale of preparation.

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