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Economy Adds 171,000 Jobs in October

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  • Description

    FBN’s Peter Barnes with the latest data from the Labor Department.

  • Duration 1:26
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Stewart the economy created 171000.

New nonfarm payroll jobs in October the unemployment employment rate rising however -- seven point 9%.

In October from -- seven point eight.

That was about as expected the 171000.

New nonfarm jobs however work.

Much higher than expected plus there were upward revisions to August and September.

The economy adding 84000 additional jobs then previously reported.

So we're -- so what we see that Peta is strength on job creation hold more strength than we've had in the past -- The right which is politically important going up to seven point 9% now.

And -- -- -- police have the real unemployment right I think it's technically known as -- six what is it that's correct that that's the rate that includes those marginally attached to the workforce and working part time for economic reasons that was fourteen point 6%.

In October and that was down just slightly from fourteen point seven in September.

Fourteen point six all right now the participation.

Rights.

Let's not get too technical -- the number of people who came into the Whirlpool sole drop out of it go.

That rose to 63 point 8% because about 600000.

People came into the workforce and started looking for jobs.

But only about 400000 of those said they found jobs that's why the unemployment rate went up slightly to seven point 9% alright Peter bonds thank you very much.

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