The latest Employment Situation Report indicated that in October, net non-farm payrolls increased by 161,000 jobs overall with the private non-farm payrolls sub-component adding 142,000 jobs while the Civilian Unemployment decreased to 4.9% over the same period.

Net private sector jobs increased 0.12% since last month climbing 1.78% above the level seen a year ago and climbing 5.81% above the peak level of employment seen in December 2007 prior to the Great Recession.