help is on the way...

Read the employment report here.
The labor market definitely benefited from the recover from hurricane season. Construction saw 71,000 jobs created in October, while professional and business services payrolls rose by 97,000, with a large number of temporary jobs created.
Manufacturing jobs dropped by 5,000, while retailers created 21,000 jobs. Average hourly earnings rose 0.3% for the month, in line with expectations and up from a 0.1% rise in September.

The labor market over the last 12 months
Month Change*
October '04 337,000
April 346,000
September 139,000
March 353,000
August 128,000
February 83,000
July 85,000
January 159,000
June 96,000

December '03 8,000
May 208,000
November 83,000
Total jobs created: 2,025,000*Change in nonfarm payrolls. Source: Labor Department

The economy is fundamentally in good shape, Zandi said, but there could be bumps with higher interest rates in the future. “As the job market gains traction, I think we are going to see long-term interest rates push up and we're going to have to adjust to that,” Zandi said.
The housing market and vehicles sales will both struggle with higher rates, he said.The White House trumpeted the jobs growth as the results of the president’s policy.
"What we saw today was a continuation of what we've seen from the summer of 2003,” White House Economic Adviser Greg Mankiw told “Squawk Box.” “We've seen 14 months of job gains. The economy's heading in the right direction. The president passed his jobs growth bill in the summer of 2003 and the economy turned around then and we've seen a robust growth since then.”

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http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P99743.asp?GT1=5732