Job Market Roars Back
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The US economy added a much better-than-expected 337,000 jobs in October, the Labor Department said, setting the stage for a third day of major gains in the stock market.
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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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Gearing up for the holidays, employers boosted hiring in November, and hundreds of thousands of jobseekers streamed into the market, nudging the unemployment rate up to 4.5 percent.
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The number of people looking for work in Germany, the biggest eurozone economy, rose to its highest level in seven years as the bad weather and sluggish growth caused dole queues to swell at the end of last year, official data showed.
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Washington: The US labor market escaped a quagmire in October, churning out a seven-month record of 337,000 jobs -- far more than predicted by Wall Street.
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Signs of a fairly competitive job market are everywhere, unless you're looking for a big raise.
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THE NUMBERS: Employers went on a hiring spree in October, adding 337,000 new jobs, the Labor Department said Friday. The surge was the largest in seven months.
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Stocks rose on Friday as signs of continued strength in the job market eased concern about economic growth and boosted optimism about the outlook for corporate profits.
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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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Business & money: Sales back into positive territory after double-digit decline suffered earlier this year.
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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-battered areas in the Southeast were rebuilt.
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Employers added a solid 132,000 new jobs in June and boosted payrolls more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.
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Shares rallied after the government said that employers added more jobs and that wage increases slowed last month.
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The number of U.S. workers seeking jobless benefits rose by an unexpectedly steep 12,000 last week to 321,000, government data showed on Wednesday, but remained at levels pointing to a healthy labor market.
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Unemployment jumped to its highest rate in two years and new hiring slowed to a trickle in December as a cooling economy and a continued downturn in the housing sector registered soundly in the country's labor force.
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The first employment survey released after the election said U.S. businesses added 337,000 jobs -- almost twice as many as expected -- last month.
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WASHINGTON - The US job market brightened in August as employers added 144,000 workers to their payrolls and hiring totals for the two prior months were revised up, the Labor Department (search) reported on Friday.