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Unemployment rate ticks up despite jobs growth

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Unemployment rate ticks up despite jobs growth

Post by Guest on Sun Nov 04, 2012 6:01 pm

Unemployment rate ticks up despite jobs growth

The U.S. unemployment rate has risen in the past month, even though the economy added more jobs than some economists expected.

The unemployment rate rose to 7.9% in October, from 7.8% in the prior month, according to the government's latest jobs report. That happened despite the addition of 171,000 jobs in October.

A CNNMoney survey of economists expected an addition of 125,000 jobs and the unemployment level to rise to 7.9% in October. Unemployment rates can grow even if the number of jobs rises, if that job growth doesn't keep up with workforce growth.


http://news.blogs.cnn.com/2012/11/02/unemployment-rate-ticks-up-despite-jobs-growth/?iref=allsearch

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