U.S. Added (Only) 80,000 Jobs In October
The U.S. economy added 80,000 jobs in October, the Bureau of Labor Statistics said today. That’s 20,000 fewer jobs than were added in September and 30,000 fewer jobs than ADP had said were added. (Actually, that’s because ADP tracks only private-sector jobs, while most of the job declines in October were from government workers.)
The unemployment rate was 9.0 percent.
Nearly 9 million people were underemployed, working part-time because they couldn’t find fulltime work. Almost one million (967,000) people were out of work but not counted as unemployed because they had stopped searching for jobs.
But.
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