Are you an Employer?    Attract the Best Candidates with Smart Job Postings!
Search Food Services Resumes
The Largest Collection of Jobs on Earth | FoodServicesCrossing
Need Help? Call (800) 680-7345  

Job Seeker Login   Employer Login 

Job Seekers? Try it Now  

FOOD SERVICES Jobs, Jobs in FOOD SERVICES - FoodServicesCrossing.com
Search Food Services Jobs
Browse Food Services Jobs
Post Food Services Jobs
home > career connect
  • Employment News
Treasuries Remain Low

By jim  |  Dated: 11-02-2012



The treasuries did not change much, along with the data that shows the United States has managed to add a total of over 100,000 jobs for the fourth month in a row. The employment report from the Labor Department shows that more than 100,000 jobs were added during the month of October. This employment report is the last report to be provided before the presidential election takes place on November 6th.

The unemployment rate managed to increase slightly from 7.8 percent during the previous month to 7.9 percent. However, it is believed that the reason for the increase is because many people are entering back into the labor force after giving up back when the economy was at its worst and it was most difficult to find employment. Even with the slight increase, it is a known fact that the economy in the United States is improving, especially the labor market.

The head of the fixed-income strategy for Credit Agricole Corporate & Investment Bank in London, Luca Jellinek, has said, “The market will need a big number to move, given other uncertainties including the upcoming election.” She also said, “We expect economic recovery in the U.S. to be gradual.” The number of individuals applying for jobless benefits in the United States actually managed to drop down last week by a total of 9,000 applicants.

With the drop in the number of people applying for these benefits, the national total of individuals applying for jobless benefits was 363,000. The information on the number of people applying for such benefits was also provided by the Labor Department. A number of different companies added a total of 158,000 workers to the payroll during the month of October. The increase in jobs was much higher than originally forecasted by economists, which has caused a lot of optimism.

In the meantime, President of the Federal Reserve Bank in Boston, Eric Rosengren, has said that the central bank should continue to purchase mortgage bonds for a period of time, up until the unemployment rate drops down to at least 7.25 percent. He also believes that the interest rate should be as close to zero as possible until the unemployment rate for the nation as a whole is at 6.5 percent or less.

Rosengren said, “As long as inflation and inflation expectations are expected to remain well-behaved in the medium term, we should continue to forcefully pursue asset purchases.” Just a week ago, the Federal Open Market Committee said that it is going to keep buying securities every month as a way to help lower unemployment rates.

Career Connect  (From our other career blogs):

Employment News (Sponsored by EmploymentSpectator)

Job Search Advice from the CEO of FoodServicesCrossing (Sponsored by aharrisonbarnes.com)

Layoff News (Sponsored by LayOffWatch)


2013 Most Influential Food Services Recruiter Rankings
arrow 600+ prestigious recruiters across America ranked
arrow 60+ industries and professions scrutinized
arrow Comprehensive updated candid report
Get the ranking
total jobs
on FoodServicesCrossing
55,801
new jobs this week
on FoodServicesCrossing
12,288
total jobs
on EmploymentCrossing network available to our members
4,155,443
job type count
on FoodServicesCrossing
(32,138)
(32,105)
(16,696)
(13,976)
(13,953)
(13,951)
(6,193)
top 5 job searches
jobs near you
International jobs
Work at home jobs
UK jobs
Canada jobs
New search feature using US map. click here

Looking for a new food services job in your city? click here
today's featured job
Shift Supervisor
United States-IN-Fort Wayne

Description Come Join Panera Bread – an industry leading, award winner! We are growing — both as a Company and as Individuals! We are shaping f...


FOOD SERVICES Click to Apply for - FoodServicesCrossing.com
job search tip
Job Search myth: Good things come to those who wait. Probably not. Good things come to those who initiate. Don't sit around and expect a job to come to you. Make it happen- now!

Your privacy is guaranteed. We will never give out, lease, or sell your personal information.