posted on November 02, 2012 12:13
The last jobs report before Election Day shows the nation's unemployment rate edged up slightly to 7.9 percent in October.
The figures from the Labor Department show that the economy added 171,000 non-farm payroll jobs last month. The job creation number is slightly ahead of analysts' forecasts. Employment is up in professional and business services, health care, and retail trade.
The Labor Department reports that Hurricane Sandy did not have any noticeable effect on either the jobs total or the unemployment rate for October.
There had been some concern that the highly-anticipated report wouldn't be released on time after Hurricane Sandy forced the federal government to shut down earlier this week.
The last monthly jobs report shocked many with a huge surge in employment that saw the unemployment rate fall from 8.1 percent to 7.8 in September.