US Adds 171K Jobs; Unemployment at 7.9%
And September and August figures revised upward
By Kevin Spak, Newser User
Posted Nov 2, 2012 7:51 AM CDT
In this Oct. 25 photo, a sign attracts job-seekers during a job fair at the Marriott Hotel in Colonie, N.Y.   (AP Photo/Mike Groll)

(Newser) – The last jobs report before the election hit today, and it was a good one. The economy added 171,000 jobs in October, the Labor Department reported, handily beating analysts' estimates. The unemployment rate ticked up to 7.9%, but according to Reuters that was because more people were entering the workforce. Not only that, September and August's numbers were revised upward, with an additional 84,000 jobs created across those two months.

"Those Chicago… ah, the heck with it. Another good report, go figure," the Wall Street Journal's liveblog quips. Private sector hiring accounted for all the growth—it added 184,000 jobs, while the government shed 13,000. Average earnings slid by 1 cent to $23.58 an hour, while the average workweek held steady at 34.4 hours, where it's been for four months. The AP points out that the economy has now added an average of 173,000 jobs a month since July.

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BCS
Nov 3, 2012 3:40 AM CDT
Every year it's the same bullshit. Retailers add a handful of part time holiday jobs and politicians claim job creation. Try supporting a household on one of those jobs. Your looking at a take home pay of about 80-200 dollars. So maybe you can pay your cellphone bill and buy gas. Wow so exciting.
793tango
Nov 2, 2012 6:33 PM CDT
There's help wanted signs up all over my town. They're staying up longer too. That tells me that things are looking up.
jonnynonos77
Nov 2, 2012 5:55 PM CDT
Not too bad.