Ron Burgundy Posted November 8, 2013 Share Posted November 8, 2013 The US economy added a surprise 204,000 jobs in October despite uncertainty over the government shutdown that analysts feared would discourage businesses from hiring, the Labor Department reported Friday. The figure was more than double what was expected, and coupled with revisions that added 60,000 net new jobs to the previous two months' numbers, painted a picture of an economy healthier than many believed. Nevertheless, the unemployment rate ticked up slightly to 7.3 percent as expected, compared with 7.9 percent a year ago. And the participation rate in the jobs market fell to 62.8 percent, the lowest level since March 1978, as the number of people who have left the jobs market entirely surged by more than 900,000. View the full article Quote Link to comment Share on other sites More sharing options...
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