Unemployment rate falls to 5.8 percent

SHARE Unemployment rate falls to 5.8 percent

Three days after voters registered their sourness about the U.S. economy, the government says employers added a solid 214,000 jobs in October, extending the healthiest pace of hiring in eight years.

The Labor Department also says that 31,000 more jobs were added in August and September than it had previously estimated. The revised figures show that employers have added at least 200,000 jobs for nine straight months, the longest such stretch since 1995.

The burst of hiring lowered the unemployment rate to 5.8 percent from 5.9 percent. That is the lowest rate since July 2008.

Economic growth has accelerated this year and hiring has been robust. Yet despite the data, the economy was voters’ top concern in Tuesday’s elections. That suggests the improvement hasn’t yet been felt by many Americans.

The Latest
In a sweeping ruling last month, the Illinois Commerce Commission put a halt to the utility’s perennially delayed and over-budget pipe project, but Peoples Gas says it needs money to wrap up projects safely.
That testimony came as federal prosecutors finished presenting evidence that Burke tried to leverage his political clout to strongarm business for his tax appeals firm out of 601W Companies LLC of New York.
Dust, insect droppings, pesticide, mold, varying types of pollen and that beloved pine sent might be the culprits making you miserable.
If the results tell us anything, it’s that voters were, on the whole, unable to distinguish between one brand of awful and the other.
With Filipino eateries in the city garnering national attention, chefs say the cuisine has always been here, but now more of them are putting their unique stamp on the food they grew up eating and loving.