Unemployment Stays at 30 Year Low
WASHINGTON (AP) _ The nation’s unemployment rate held steady at a three-decade low of 3.9 percent in October, pushing unemployment among Hispanics to the lowest level on record, the government said Friday.
The Labor Department said the jobless rate was unchanged from September, surprising analysts who had been predicting a slight uptick in the unemployment rate reflecting a slowing economy.
But instead, unemployment remained at the three-decade low first reached last April, even though the number of new payroll jobs created last month slowed to 137,000, compared to a gain of 195,000 in September.
The unemployment report was the last major economic indicator to be released before Tuesday’s elections.