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
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.)

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