In October, the United States generated 214,000 new jobs, slightly less than last month’s gain of 256,000. The unemployment rate declined by 0.1 percentage point — dropping from 5.9 percent to 5.8 percent – which is the lowest we’ve seen since September 2008. Over the past year, the unemployment rate and number of unemployed persons have declined by 0.8 percentage point and 1.2 million, respectively.
Revised numbers from past months were released, showing that both August and September experienced combined growth of 31,000 more than previously reported. The September payroll number was revised from +248,000 to +256,000 and the August number was revised from +180,000 to +203,000. That makes a combined 31,000 more jobs than initially reported. This year, the only month that saw fewer than 200,000 new jobs was January.
More new #jobs added to food services & drinking places sector than any other, via @AdeccoUSA: http://bit.ly/industry112014-tw