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Here’s where the jobs are for October 2020 — in one chart

first_imgThe U.S. economy added more jobs than expected in October and the unemployment rate fell sharply even as Americans continue to grapple with Covid-19 and its dampening impact on business.The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%, both better than expectations of 530,000 jobs added and an unemployment rate of 7.7%.- Advertisement – The professional and business services sector was a bright spot in October with a net addition of 208,000 jobs. The government said about half of that gain was thanks to the hiring of temporary help workers.Employment also increased in services to buildings and dwellings (+19,000), computer systems design and related services (+16,000), and management and technical consulting services (+15,000).“Notable job gains occurred over the month in leisure and hospitality, professional and business services, retail trade, and construction,” the government said in a release.“Retail trade added 104,000 jobs, with almost one-third of the gain in electronics and appliance stores (+31,000),” the Labor Department added. “Employment also rose in motor vehicle and parts dealers (+23,000), furniture and home furnishings stores (+14,000), clothing and clothing accessories stores (+13,000), general merchandise stores (+10,000), and nonstore retailers (+9,000).”— CNBC’s Nate Rattner and Crystal Mercedes contributed reporting. The sector, which added 271,000 jobs last month, saw about 80% of that growth from restaurants and bars that rehired workers even as the U.S. set records for new daily Covid-19 infections. Despite the labor market’s stronger October, employment was below its February level by 10.1 million, or 6.6%.- Advertisement – – Advertisement – While much of the month’s upside came from the food service industry, some of the largest losses came from the public sector. Government employment fell by 268,000 across federal, state and local levels.Government hiring has been choppy in recent months thanks to a combination of volatility in federal hiring for the 2020 Census as well as weak demand for workers at public schools and universities.On the federal level, the Labor Department said government employment decreased by 138,000 thanks to a loss of 147,000 temporary 2020 Census workers. On the state and local levels, education employment fell by 61,400 and 97,800, respectively. CNBC studied the net changes by industry for October jobs based on data contained in the employment report.The leisure and hospitality industry continued its rebound after the coronavirus and efforts to contain its spread walloped spending at restaurants, hotels and bars earlier in the year. – Advertisement –last_img read more

We will need a good build up to Tokyo Olympics, says SV Sunil

first_imgBENGALURU: Indian hockey striker SV Sunil on Saturday expressed that the growth of the national teams, both men and women, over the past 10 years has been tremendous as there is a lot more professionalism and accountability now. He drew comparison to when he began his journey in international hockey in 2007 at the Asia Cup.”It was very different when I came into the senior India team in 2007. A lot has changed in terms of how the national team is managed now in comparison to 10-12 years ago,” expressed Sunil who has been the cynosure of India’s forward line for over a decade. “There is a lot more professionalism and accountability. Hockey India has ensured we have quality support system which is on par or better than other top nations and the planning of events and competition ensures we gain the right exposure before top tournaments. This systematic approach has definitely contributed to the team’s improvement over the years,” he added. The experienced forward emphasised that a two-way communication system in coaching has helped the team climb up the ranks in world hockey. “Earlier, we would do what the coach would say without questioning or without reasoning. But this has changed drastically over the years and there is a two-way communication approach where players are equally involved in planning training sessions,” he said. “Senior players are also consulted by Hockey India, to ensure we are on the right track. I think these aspects have not only made the players as well as support staff more responsible and accountable but it has also largely helped in India’s climb up the world rank to no.4.” The striker is confident both Hockey India and Sports Authority of India (SAI) will ensure the best preparation opportunities for the teams in the lead up to the Olympic Games next year. “While we are aware there may not be any competition at all this year barring select internal-matches, we are confident good tours will be planned early next year that will give us the right exposure before the Asian Champions Trophy and the FIH Hockey Pro League. “We will need a good build up to the Olympic Games and we have been told a proposal has already been made by Hockey India and the coaching staff to SAI for our tours and we look forward to doing our bit also.” Sunil said. IANS Also Watch: Smuggled Timber seized in West Karbi Anglonglast_img read more