204,000 New Jobs Added in October, But Jobless Rate Ticks Up to 7.3%

November 8, 2013

The nation’s economy added 204,000 new jobs in October, compared to 163,000 jobs created in September (revised upward from 148,000), and the jobless rate increased to 7.3% from September’s 7.2% according to figures released this morning by the U.S. Bureau of Labor Statistics.

The jump in the jobless rate is attributable mostly to the 16-day House Republican government shutdown, economists say. Several hundred thousand federal workers and civilian contract workers were furloughed for more than two weeks in October.

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