Unemployment Stuck at 9.6%

But it's the best jobs month since May, with a net gain of 151K jobs
By Newser Editors and Wire Services
Posted Nov 5, 2010 8:15 AM CDT
Unemployment Stuck at 9.6%
A jobs postings board is shown at the Central City Concern employment access center Monday, Sept. 7, 2010, in Portland, Ore.   (AP Photo/Rick Bowmer)

(Newser) – US employers added the most jobs in five months in October, with the education and health care sectors leading the way. But the unemployment rate, measured by a separate survey of households, refused to budge. It remained stuck at 9.6% for the third straight month.

The Labor Department says its survey of employers showed a net gain of 151,000 jobs last month, the most since May. Wall Street analysts expected a smaller gain. Private employers hired 159,000 workers, while governments at all levels shed only 8,000 jobs, a much better showing than September's sharp drop. (Read more unemployment stories.)

Get breaking news in your inbox.
What you need to know, as soon as we know it.
Sign up
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X