U.S. adds 171,000 jobs; unemployment hits 7.9 percent

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Friday, November 02, 2012

U.S. employers added 171,000 jobs in October, in the final jobs report before the election.

The solid job growth showed that the economy is strengthening slowly but consistently.

The unemployment rate rose to 7.9 percent from 7.8 percent in September, mainly because more people began looking for work. The government uses a separate survey to calculate the unemployment rate, and it counts people without jobs as unemployed only if they're looking for one.

Friday's report was the last major snapshot of the economy before Tuesday's elections. It's unclear what political effect the report might have. By now, all but a few voters have made up their minds, particularly about the economy, analysts say.

Read more at OregonLive.com.

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