204,000 new jobs were CREATED or ADDED last month, in the month of October 2013.
The private sector generated (added) 212,000 new jobs and the government sector lost (decreased) 8,000 jobs in October 2013.
735,000 FEWER people reported themselves as working in October 2013, however, this number was affected by the recent government shutdown. The survey on which this number is based asks people for their employment status as of the second week of October. The government was still shutdown during that week.
The private sector generated (added) 212,000 new jobs and the government sector lost (decreased) 8,000 jobs in October 2013.
735,000 FEWER people reported themselves as working in October 2013, however, this number was affected by the recent government shutdown. The survey on which this number is based asks people for their employment status as of the second week of October. The government was still shutdown during that week.
The unemployment rate increased to 7.3% in October 2013, probably due to the effect of the government shutdown, as 735,000 fewer people reported themselves as working in October. Over 700,000 people left the labor force in October; however, this could also be the result of the government shutdown, as federal workers were not employed but not looking for work. We won't know until next month's numbers. (The size of the labor force is volatile. Read more HERE.) The unemployment rate has been below 8.0% for 14 months in a row now, starting in Summer 2012.
