U.S. Adds 204,000 Jobs, Unemployment Rises to 7.3% - KTVN Channel 2 - Reno Tahoe News Weather, Video -

U.S. Adds 204,000 Jobs, Unemployment Rises to 7.3%

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U.S. employers added 204,000 jobs in October, an unexpected burst of hiring during a month in which the federal government was partially shut down for 16 days.
 
The Labor Department says the unemployment rate rose to 7.3% from 7.2% in September, likely because furloughed federal workers were counted as unemployed. The report noted that the shutdown did not affect total jobs.
 
Employers also added 60,000 more jobs in the previous two months than earlier estimated.
 
The figures suggest hiring has picked up in the fall. Employers added an average of 202,000 jobs from August through October, up from 146,000 from May through July.
 
The percentage of Americans working or looking for work fell to a fresh 35-year low. But that figure was likely distorted by the shutdown, too.  (AP)

Nevada Senator Harry Reid released the following statement after the Labor Department reported that the economy added 204,000 jobs in October:

"These numbers show steady growth. This is encouraging, but more work remains to be done until every Nevadan and every American who wants a job can get one. The best way we in Congress can grow our economy is by replacing meat-ax cuts with closing wasteful tax loopholes. I hope that in the weeks ahead, my Republican colleagues will work with us to trade European-style austerity for smart policies that reduce the deficit and spur job growth that benefits all Americans, not just those at the very top. It's time to reinvest in the American economy through policies that rebuild manufacturing and create long-term, high-quality jobs. After years of lurching from crisis to crisis, it is time to give our economy the certainty it needs for strong, sustained growth."

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