Employers add 151K jobs, first gain since May
WASHINGTON (AP) – The economy generated a net gain in jobs for the first time in five months in October, as businesses stepped up their painfully slow pace of hiring.
But the unemployment rate, measured by a separate survey of households, remained stuck at 9.6 percent for the third straight month.
The Labor Department said Friday its survey of employers showed a net gain of 151,000 jobs last month, the first increase since May. Private employers hired 159,000 workers, the best since April.
Economists welcomed the report, which showed much stronger job gains than Wall Street analysts had expected.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Jail kitchen supervisor pleads guilty to stealing food
- Warden who lives hundreds of miles from jail resigns
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Ex-MDEQ leader Fisher joins Butler Snow
- Top 10 finalists chosen for C Spire Conerly Trophy
- State’s new banking chief Charlotte Corley has deep roots in the business
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- BankPlus recognized for alternative program to payday lending
- DAVID DALLAS: Savor this Thanksgiving and be grateful