Nonfarm payroll employment continued to trend up in October (+80,000),and the unemployment rate was little changed at 9.0 percent, the U.S. Bureau of Labor Statistics reported today.
Employment in the private sector rose, with modest job growth continuing in professional and businesses services, leisure and hospitality, health care, and mining.Government employment continued to trend down.
Both the number of unemployed persons (13.9 million) and the unemployment rate (9.0 percent) changed little over the month. The unemployment rate has remained in a narrow range from 9.0 to 9.2percent since April.
