October hiring was stronger than expected

11/10/2013 | Forbes · National Public Radio · Reuters

Employers in the U.S. caught experts off guard by adding 204,000 jobs in October, well above the widely held forecast of 120,000. More people reported giving up their search for work, bringing labor force participation down to 62.8%, the smallest figure since March 1978. The unemployment rate, which is based on a different poll, edged up from 7.2% to 7.3%.

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Forbes · National Public Radio · Reuters

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