Friday’s Non-Farm Payroll report rose by 80,000 in October but missed expectations for a gain of 95,000. August and September figures were revised upwards by 102,000 more jobs resulting in lowering the official unemployment rate from 9.1 percent to 9.0 percent.
The labor market remains a top concern as without significant improvement, overall economic recovery is impossible. 13.9 million workers remain unemployed but recent gains provide some hope that the jobs market is growing stronger.
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