Job growth / High unemployment rate

Although the U.S. economy increased the number of Jobs in October, the unemployment rate remained high (9.6%). This job increase was mainly due to the private-sector hiring augmentation. Most job growth took place in the mining industry and some service-producing sector, health care continued to add jobs and, to a lesser extent, the manufacturing sector. Nonetheless, government employment fell. In addition to the high unemployment rate, the rate of people who stopped looking for work or settled for a part-time job also remained high (17%). For more details, click here.