US economy added 214,000 jobs in October, below Wall Street estimates for 231,000. Meanwhile, the unemployment rate dropped to 5.8 percent, the lowest rate since July 2008, while economists expected it to hold steady at 5.9 percent. The labor force participation rate rose to 62.8 percent from 62.7 percent in September.
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3 comments:
A good percentage of these 214,000 jobs "added" are seasonals hired by FedX, UPS and other transport services to handle the holiday shipping.
They can fool the masses, but not me-I'm much smarter than most people, and am much smarter than ANY democrat.
If that is nationwide, that is very dismal in a nation with over 300 plus million people. I'm sure most of these were in the service industry.
Bartenders and waitresses entertaining the unemployed and retired, no doubt.
Or, more greeters and fast food workers...
Do we manufacture anything any more?
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