Jobs

Economy
7:36 am
Fri November 2, 2012

Job Growth Beats Forecasts; Unemployment Rate Is 7.9 Percent

How many signs like this were there in October? We got a clue today.
Justin Sullivan Getty Images

Originally published on Fri November 2, 2012 10:37 am

The nation's unemployment rate edged up to 7.9 percent in October from 7.8 percent in September, the Bureau of Labor Statistics says.

But private and public employers added 171,000 jobs to their payrolls — nearly 50,000 more than economists had expected.

So the news is somewhat mixed: While the jobless rate remained stuck near 8 percent, job growth was better than forecast.

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