Unemployment Rate Ticked Up To 7.9 Percent; 171,000 Jobs Added
But private and public employers added 171,000 to their payrolls — nearly 50,000 more than economists had expected. So the news is somewhat mixed: While the jobless rate remained stuck near 8 percent, job growth was better than forecast. We'll have more from the report and reactions to it as the morning continues. Hit your refresh button to be sure you're seeing our latest updates. Update at 8:40 a.m. ET. September Job Growth Revised Up: There were 148,000 jobs added to payrolls in September, BLS now says. That's up from the agency's initial estimate of 114,000. Our original post (from 7 a.m. ET). "Jobless Rate Likely Edged Up In October, Job Growth Was Likely Modest": The last major economic report before Election Day is due at 8:30 a.m. ET and economists say we should expect to hear that the unemployment rate ticked up to 7.
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job growth report unemployment rate Mitt Romney jobless presidential nominee President Obama Jack Welch hot topic Planet Money General Electric the report update news ticked touting forecast skeptics spur button employers trail policies recent analysis Statistics The president the bureau the rightPeople:
Mitt Romney
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Organization: Bureau of Labor Statistics
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It's the last major economic report before Election Day and is sure to be a hot topic on the campaign trail.
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Unemployment Rate Ticked Up To 7.9 Percent; 171,000 Jobs Added
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