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Nov 05

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Last look at economy before US Election Day

Last look at economy before US Election Day: US adds 171,000 jobs; unemployment rate inches up

In this Thursday, Oct. 25, 2012, photo, a sign attracts job-seekers during a job fair at the Marriott Hotel in Colonie, N.Y. The October employment report the government will release Friday, Nov. 2, 2012 will likely solidify the picture of the U.S. job market that’s emerged this year: Companies are hiring steadily but cautiously. And unemployment remains high. (AP Photo/Mike Groll)

The United States added a solid 171,000 jobs in October, and more than a half-million Americans joined the work force, the latest signs that the uneven economic recovery is gaining strength once again.

In addition, more jobs were added in August and September than believed. But the unemployment rate inched up to 7.9 per cent because not all those joining the work force found work, the government said Friday.

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