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U.S. Employers add over 200,000 Jobs in October - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

U.S. Employers add over 200,000 Jobs in October

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The U.S. economy added 204,000 jobs in October, according to the Labor Department. That is higher than the 120,000 estimate of economists surveyed by CNNMoney.

The unemployment rate rose to 7.3% from 7.2%.

U.S. stock futures were lower, a day after major U.S. indexes all fell sharply.

The payroll gains came despite a partial government shutdown in October, which many economists had feared would hurt the economy.

Stocks were headed for early losses Friday after a strong jobs report added to concerns that the Fed may take its foot of the gas sooner than expected.

Stronger economic data Thursday re-ignited talk that the Federal Reserve may begin tapering the bond purchases that have helped drive markets to record highs.

 

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