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.
Morning News Digest: Friday, May 17, 2013 By Matthew Arco Smith intends to fight for HCDO seat as Bernie Kenny's name re-emerges in Fulop era Mayor Jerry Healy’s loss Tuesday night inevitably triggered intra-party discussions about consequences to the Hudson County...
By Tedford J. Taylor No topic is a less likely conversation-starter than our eventual deaths. Still, there is a lot to talk about. When polled, about 90 percent of people presented with end-of-life scenarios prefer the prospect of dying at home with... Read More >
“You represent the grit and tenacity that make Jersey City special. Thank you for believing in this great American experiment called democracy.” - Jersey City Mayor-elect Steve Fulop, to supporters at his victory party last night.- PolitickerNJ.com
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.