Economy adds 204,000 jobs in October

Economy adds 204,000 jobs in October

The U.S. economy added 204,000 jobs in October, higher than expected.

The Labor Department said Friday that the unemployment rate rose to 7.3 percent from 7.2 percent in September. But that was likely because furloughed federal workers were temporarily counted as unemployed.

The surprising job growth shows the economy was stronger in October than many assumed it would be. Activity at service companies also accelerated last month, an earlier report showed. The figures suggest that many companies shrugged off the shutdown, an encouraging sign for the economy.

Read more at OregonLive.com.