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PODCAST: October jobs numbers

The government just reported the labor market in October was much stronger than expected, but how reliable is the data for a month when the government was shut down for half of it? And, imagine finding a job after being unemployed for months, only to have to look for a second to pay off your newly acquired debts.

The latest jobs report defied expectations this morning: payrolls grew by 204,000 people in October, contrary to the 120,000-figure forecasted by surveyed economists. Does this mean the labor markets emerged from the government shutdown unscathed?

Down in the trenches of the labor market, people don’t need a government forecast to tell them that times are still tough for so many. This is especially true in Nevada, where 9.5 percent of the workforce remains unemployed. After a five month stretch without work, 24-year-old Rebecca Farewell Prisaznuk finally found a job she likes working for the state in Carson City. But that wasn’t the end of her unemployment nightmare.

 

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