May 21, 2013
US payrolls rise sharply in October
US employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts.
Employers added 171,000 people to their payrolls last month, the Labor Department said today. The government also said 84,000 more jobs were created in August and September than initially estimated.
The jobless rate edged a tenth of a point higher to 7.9 percent, but that was due to a surge of workers back into the workforce. Only people who have recently looked for a job can count as unemployed.
The employment data was the last major report card on the economy before Tuesday's presidential election, which pits Obama against Republican Mitt Romney.