U.S Economy Adds 214,000 Jobs
The U.S job growth increased, causing the unemployment rate to fall from 5.9% to 5.8%, according to the U.S Labor Department.
U.S employers added 214,000 new jobs in October, marking the ninth consecutive month that the economy has created more than 200,000 jobs. Economists expected the economy to add 233,000 jobs. The unemployment rate has dropped to 0.8% since the beginning of the year, decreasing the number of unemployed persons to 1.2 million.
Although job employment took a major turn, the average hourly earnings only increased three cents. This year’s mid-term elections showed employment was voter’s main concern.
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