U.S. unemployment rate remains at 9.6 per cent, economy adds 151,000 jobs - 1310 NEWS
Loading articles...

U.S. unemployment rate remains at 9.6 per cent, economy adds 151,000 jobs

WASHINGTON, D.C. – The U.S. unemployment rate remained at 9.6 per cent for the third straight month in October, the country’s Labour Department said Friday.

The department said its survey of employers showed a net gain of 151,000 jobs last month, the most since May.

Jobs in education and health-care sectors lead the way.

Private employers hired 159,000 workers, while governments at all levels shed only 8,000 jobs, a much better showing than September’s sharp drop.

he department also revised August and September’s payroll figures higher. The private sector added 103,000 more jobs in those two months than previously estimated.

So far this year, the economy has added 874,000 jobs and over a million in the private sector. But that comes after the nation lost more than eight million jobs in 2008 and 2009.

And about 14.8 million people said they were unemployed, a figure that hasn’t improved much since the beginning of the year.

The job gains were concentrated in relatively few sectors: retailers added 27,900 positions, likely in preparation for the holiday season. Temporary agencies added 34,900. Restaurants and bars hired 24,400 people.

The construction industry added a small number of jobs, while the manufacturing sector shed 7,000 positions. Factory employment has been roughly unchanged since May.

Join the conversation

Please read our commenting policies