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In October, the economy added 159,000 private-sector jobs, far exceeding expectations. It's the best private-sector total since April, and the second strongest report since the start of the Great Recession in late 2007. It was also the tenth consecutive month of private-sector growth -- a streak unseen in more than three years.
All told, the economy has added more than 1.1 million private-sector jobs in 2010. For comparison purposes, note that the economy lost nearly 4.7 million private-sector jobs in 2009, and lost 3.8 million in 2008.
With that in mind, here is a different homemade chart, showing monthly job losses/gains in the private sector since the start of the Great Recession. The image makes a distinction -- red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. (Note: the chart reflects revised totals from August and September, per data from the Bureau of Labor Statistics.)
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