Jobs Report: Unemployment Remains Below Eight Percent

PHOTO: A sign on the back of a truck advertises job openings at a truck stop Tuesday, Oct. 30, 2012, in Atlanta. Even amid a struggling economy with high unemployment, trucking companies had a tough time hiring young drivers willing to hit the road for lo
Share
Copy

Job report numbers are out, and the unemployment rate for October was 7.9 percent, essentially unchanged from 7.8 percent in September.

That means the economy added 171,000 non-farm jobs compared with about 148,000 in September. Last month was the first time in nearly four years that unemployment fell below 8 percent.

There are 12.3 million unemployed workers, compared with 12.1 million in September.

Professional and business service jobs rose, along with healthcare and retail trade jobs. Employment in construction also edged up.

The Hispanic unemployment rate remains above the national average at 10 percent. It was 9.9 percent in October.

This is the last big look at the U.S. labor market before Tuesday's presidential election.

This is a breaking news item. Check ABC/Univision for more updates.

Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
You Might Also Like...