Arab Today, arab today us jobless rate edges higher in october job growth accelerates
Last Updated : GMT 14:38:36
Arab Today, arab today
Arab Today, arab today

US. jobless rate edges higher in October, job growth accelerates

Arab Today, arab today

Arab Today, arab today US. jobless rate edges higher in October, job growth accelerates

Washington - Xinhuanet

The U.S. unemployment rate rose a notch to 7.9 percent in October, but employers picked up hiring and work force continued to expand, reported the Labor Department on Friday. The economy added a total of 171,000 new jobs last month, beating the median estimate of a 125,000 monthly job gain. Firms hired at a stronger pace of 184,000 jobs, but governments slashed 13,000 jobs last month due to spending cuts. Job growth has averaged 157,000 per month so far this year, almost the same as the average monthly gain of 153,000 in 2011, according to the report. In October, job growth was strong among the professional and business services, the health care and retail trade. The construction industry reported a gain of 17,000 jobs. Manufacturing payroll rose at a meager 13,000 pace. However, mining lost 9,000 jobs, and employment in other major industries, including information, transportation and warehousing showed little change over the month. The number of unemployed Americans was roughly unchanged at 12. 3 million in October. And the number of long-term unemployed, people who had been jobless for more than 6 months, rose slightly to 5 million, accounting for 40.6 percent of the total unemployed. The civilian labor force rose by 578,000 in October as more workers re-enter the job market, a positive sign for the labor market recovery. The labor force participation rate - the share of the adult population that either had a job or was trying to find one - edged up to 63.8 percent from 63.6 in September. The average workweek for all employees on private nonfarm payroll was unchanged at 34.4 hours for the month, and the average hourly earnings for all private employees edged down by 1 cent to 23.58 dollars. The changes in total nonfarm payroll employment for August and September were revised up to 192,000 and 148,000 respectively. While analysts don\'t see a significant change for the whole job picture, the October job numbers which came as the last major economic report before the election day were even more closely watched, providing fodder for the presidential fight. 4 days before the election, U.S. President Barack Obama touted his economic record on the upbeat payroll numbers at a rally in Hilliard, Ohio. \"Our businesses have created nearly 5.5 million new jobs; and this morning, we learned that companies hired more workers in October than at any time in the last eight months,\" he said. The rise in jobless rate in October followed a 0.3 percentage point drop in September to 7.8 percent, the lowest since Obama took office in January 2009. Republican presidential nominee Mitt Romney Friday took a opposite view. He slammed Obama on the rising jobless rate, saying the one-tenth of a percentage point increase in the unemployment rate is a reminder that the U.S. economy is at a \"virtual standstill\", and the economic recovery has fallen short of what Obama promised four years ago. Mark Zandi, chief economist of Moody\'s Analytics, called Friday \'s job report \"October Surprise.\" \"The uptick in October\'s unemployment rate is not alarming, because the labor force rose by 578,000 - a sign that confidence in the market is rising,\" he said. Meanwhile, he cautioned that if lawmakers mishandle the fiscal cliff, the improvement of the past few months will be quickly unwound.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us jobless rate edges higher in october job growth accelerates Arab Today, arab today us jobless rate edges higher in october job growth accelerates

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us jobless rate edges higher in october job growth accelerates Arab Today, arab today us jobless rate edges higher in october job growth accelerates

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday