Region loses jobs for third straight month in October
But small losses show weakness in economy
The Buffalo Niagara job market stayed stuck in the mud during October, but local economists think the numbers are a bit too gloomy.
The monthly jobs report issued Thursday by the state Labor Department indicated that the region lost 100 jobs during the 12 months from October 2011 to October 2012, marking the third consecutive month that the region has lost jobs.
While October’s job loss was tiny, the Labor Department also revised its September job numbers to indicate that the job losses that month were worse than initially reported. The region lost 1,300 jobs during the 12-month period that ended in September, more than triple the 400-job loss that was initially reported. (more…)