The national unemployment rate ticked up slightly in October to 7.9 percent according to figures released this morning.
The rise in the jobless rate came despite the addition of 171,000 jobs in October. Despite the increase, the number of unemployed rose to 12.25 million, up from 12.08 million in September.
According to the release from the Bureau of Labor Statistics, Hurricane Sandy, which pummeled the East Coast beginning Oct. 28, had no effect on the rate of unemployment.
"Household survey data collection was completed before the storm and establishment survey data collection rates were within normal ranges nationally and for the affected areas," the release from BLS said.
Professional and business services added 51,000 jobs in October, while retail trade added 36,000 and healthcare added 31,000 jobs. Construction employment ticked up by 17,000 jobs.
Gov. Chris Christie took the "upper level" -- helicoptering over the George Washington Bridge -- to beat rush hour traffic from his home state to a recent GOP fundraiser with Connecticut gubernatorial contender Tom Foley, according to a Hearst Media report.Read More >
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"Gov. Chris Christie says he won’t campaign for the Republican gubernatorial candidate in New York because the cause is hopeless: Gov. Andrew Cuomo is ahead by more than 30 points. But he will campaign in New Hampshire, over and over, where the Republican is also trailing by more than 30 points. What’s the reason? It may be that New Hampshire holds the nation’s first presidential primary. It may be that he doesn’t want to mess with Cuomo, who knows where the skeletons are buried at the Port Authority. But one thing is certain: Gov. Straight Talk is spinning again. And it seems to be habit-forming." - columnist Tom Moran- Star-Ledger
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