Economy Added Far More Jobs Than Expected in October
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The economy created 337,000 new jobs in October, the largest gain in seven months. The overall unemployment rate rose marginally to 5.5 percent.
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The number of new jobs climbed by an unexpectedly brisk 157,000 in May on a surge of hiring in service businesses while hiring in the factory sector continued to decline, Labor Department data showed on Friday.
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The economy added 18,000 jobs to nonfarm payrolls, the smallest monthly gain in more than four years. The unemployment rate rose to 5 percent.
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Business activity in the US Midwest expanded in September at a faster rate than expected, with employment growing in step with a jump in new orders, a report showed Thursday.
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The first signs of a turnaround in the British labour market emerged as official figures showed the number of people seeking unemployment benefits rising in both September and October, the first back-to-back increases since March 2003.
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OTTAWA - The economy created another 34,300 jobs in October but the unemployment rate remained at 7.1 per cent as more people entered the labour force, Statistics Canada said Friday.
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US employers probably added 175,000 workers to payrolls in October, the most in five months, while the unemployment rate held at a three-year low of 5.4 percent, the median forecast in a Bloomberg News survey of economists shows.
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Investor's Business Daily - Inflation, factory output and the housing market all heated up in October as the U.S. economy recovered from summer hurricanes.
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NEW YORK The US labor market snapped out of its summer lull to add 337,000 new jobs in October, the biggest increase since March, the Labor Department reported Friday, raising hopes that American businesses were overcoming years of caution and beginning
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New US jobs soared at the sharpest rate in seven months in October, the government reported on Friday, helped by a surge in construction activity as hurricane-battered areas in the Southeast were rebuilt.
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Orders placed with manufacturing companies in Germany rose in October, after gaining slightly the previous month, thanks to a large number of big-ticket domestic orders, data published by the Economics and Labour Ministry showed.
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The number of new U.S. jobs soared  at the sharpest rate in seven months in October, the government  reported on Friday, helped by a surge in construction activity  as hurricane-racked areas in the Southeast were rebuilt.
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WASHINGTON  - The US labor market smashed out of a summer-long quagmire, churning out a seven-month record of 337,000 jobs -- far more than predicted by Wall Street.
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The unexpected boom in US job creation in October has locked in an interest rate rise and will likely encourage another tightening in December, analysts said.
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OTTAWA (CP) - The economy continues to show signs of healthy growth, adding about 34,000 jobs in October. However the number of people looking for work also rose, keeping the overall unemployment rate at 7.1 per cent, unchanged from September.
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The number of jobs advertised in major Australian newspapers rose in October to the highest level since January 2001 as employers face difficulties finding workers as the economy expands.
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Employers added 132,000 jobs last month, a moderate pace slightly above what forecasters were expecting.