Unemployment Rate Unchanged at 9.6%

The Bureau of Labor Statistics just released it employment report for October 2010.  The unemployment rate was unchanged at 9.6%.  Nonfarm payroll employment increased by 151,000 in October, which is good, but still below a normal expansion.  So far, 874,000 jobs have been added since last December.  The increases were in the services industry, as the manufacturing industry tended to be flat or slightly down from last month.  Construction added 5,000 jobs.  The biggest increases were in health, education, temporary services, hiring services and food services.

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