November 2nd, 2012
08:40 AM ET

Unemployment rate ticks up despite jobs growth

The U.S. unemployment rate has risen in the past month, even though the economy added more jobs than some economists expected.

The unemployment rate rose to 7.9% in October, from 7.8% in the prior month, according to the government's latest jobs report. That happened despite the addition of 171,000 jobs in October.

A CNNMoney survey of economists expected an addition of 125,000 jobs and the unemployment level to rise to 7.9% in October. Unemployment rates can grow even if the number of jobs rises, if that job growth doesn't keep up with workforce growth.

The report is the last before the presidential election. For more on the jobs numbers, go to CNNMoney.com.


Filed under: Economy • Jobs
soundoff (20 Responses)
  1. saywhat

    Sandy's aftermath is sure to have an impact on whatever economic recovery this country was struggling to bring about. Though its being said too that the labor market may improve with recovery and rebuilding efforts.

    November 2, 2012 at 10:02 am | Report abuse |
    • banasy©

      A good news/bad news situation, to be sure.

      Good morning, saywhat.

      November 2, 2012 at 10:08 am | Report abuse |
    • Dave T

      I always thought this was the UNITED States. It is now apparent it no longer is with Ohio. It's we come first if it benefits us then we will worry about the rest of the country. 4 americans can no longer vote and our government made that decision. So you go vote as this is just confirmation that you are ok with this travesty. United we stand , divided we fall and it is definitely in free fall.

      November 2, 2012 at 7:13 pm | Report abuse |
    • banasy©

      Dave T:
      You know who else cannot vote?
      The 3000 soldiers US soldiers killed in Iraq alone.
      That's who.
      Want to REALLY know what's dividing this country?
      Being stuck on rhetoric like this.

      November 2, 2012 at 8:15 pm | Report abuse |
    • banasy©

      Dwayne:
      Look up what Medicare is.
      Methinks you are confused, or 12, or both.

      November 3, 2012 at 4:41 pm | Report abuse |
  2. MP4 3GP VIDEOS FREE DOWNLOAD NOW

    we see to that after the precidential race,

    November 2, 2012 at 10:23 am | Report abuse |
  3. Sharron Jones

    This is smoke and mirrors. It is nothing but part time jobs for the holidays. I work in retail and I know they will be let go after Christmas. I work for a very large retailer, and we started hiring in Oct. for Christmas and the day after Thanksgiving kicks off our sales. They will be let go as soon as it is over.

    November 2, 2012 at 11:20 am | Report abuse |
    • Jason Wiltse

      Sharron, I too work in the retail industry and our holiday hiring begins in November. The data in this study does not reflect holiday hiring as you state.

      November 2, 2012 at 11:56 am | Report abuse |
    • Dave T

      Starts in November, hiring really. I know 5 people who got holiday jobs the last two weeks

      November 2, 2012 at 11:02 pm | Report abuse |
  4. saywhat

    Folks before those of you who want to, go out and vote , consider this.
    According to the donors list that Israeli premier netanyahu revealed last month. Both he and mitt Romney share the same big donors. So besides decades old friendship they have financial ties also.
    All the big American donors who contributed to Netanyahu's re-election campaign also donated to Romney.
    So all those who prefer to hold another country's interest at heart, vote for Romney.

    November 2, 2012 at 3:41 pm | Report abuse |
    • bobcat (in a hat)©

      @ saywhat
      I love the shaded way you are bring out these points today. Some of this will pass right over the heads of a few, either by choice or lack of comprehension. The current administration is handling the relationship with Israel the way it should be. It is refreshing to have someone who fully has the back of that state, but refuses to be intimidated by them or do their bidding for them. Once Israel realizes that they can no longer guilt the US into doing their business, the sooner there will be a chance for peace.
      So, all that being said, we need to retain the proven leadership we have and not choose to go back to a gunslinger type.

      November 2, 2012 at 4:53 pm | Report abuse |
  5. bobcat (in a hat)©

    Okay, here we go off topic. I don't know if the rest of you saw it, but I just read an article on CNN main page ent itled, " Do you believe in a RED STATE JESUS or a BLUE STATE JESUS ". It even gives a questionaire so you can better determine which one you are.
    What's wrong with this picture ? After the elections on Tuesday, on of the groups is going to be saying Thank you Jesus, while the other group will be saying Help us Jesus.
    Did religion change to where there are now two Jesuses to pay homage to ?

    November 2, 2012 at 4:44 pm | Report abuse |
  6. chrissy

    So we cant have children saying the pledge of allegiance anymore because of the seperation of religion & government, but THIS is ok? You lead by example, so you cant expect children 2 learn if we teach them one thing while we DO something else!

    November 2, 2012 at 4:58 pm | Report abuse |
    • bobcat (in a hat)©

      You know chrissy, I really don't understand why they have taken away all the things we grew up on. Children today don't seem to have the same advantages we had. Parents are no longer willing to take the lead in raising their children any longer. Let me rephrase that and say "many parents". I was watching some children at "play ?" the other day in my neighborhood and I was shocked to learn they didn't know "how" to play. Their version of play was walking around texting, playing gameboy etc. I asked if they ever played hide & seek, tag, hop scotch, 4 squares, you know stuff that would make them active and they had no idea what I was talking about. That is truly sad.

      November 2, 2012 at 5:19 pm | Report abuse |
  7. bobcat (in a hat)©

    As have I chrissy. His knowledge of the middle east situations has been very eye opening for me, and I agree with at least 99 % of what he says.

    November 2, 2012 at 5:22 pm | Report abuse |
  8. chrissy

    Lol funny how NOW we our methods of learning is an advantage but when we were kids we thought our parents were just being hard on us, eh? Of course, after spending any quality time with kids of today you also notice a lack of respect from many of them.

    November 2, 2012 at 5:28 pm | Report abuse |
    • bobcat (in a hat)©

      Respect is also a trait you don't find in many kids today. And the reason for that is one that needs no mentioning.

      November 2, 2012 at 5:34 pm | Report abuse |
  9. chrissy

    Oops meant *see* it as an advantage.

    November 2, 2012 at 5:32 pm | Report abuse |
  10. Im Willard *Mitt*Romney!

    And i will create l2 million new jobs, for the CHINESE! And i approve of taking away jobs from the american workers!

    November 2, 2012 at 7:36 pm | Report abuse |
  11. ronvan

    SADLY, I have to agree with the comments on many of todays children! MANY have lost their morals & standards, and LOVE for their children! TO BUSY, is NOT an excuse! BANASY: Your comment on the deaths of our soldiers is great!
    OTHERS, commenting on part time jobs for the holidays: Make a very strong point, and I honestly had forgotten about that, BUT it is true! I will not be surprised come Feb. 2013, IF we are still here, LOL, that the unemployment figure will rise! BOBCAT: Like your comments also! There is NO country that we should be so obligated to, that we would be FORCED to support them, or even go to war from, UNLESS, they start it! Isreal WILL take care of itself, and when they get in trouble we can, maybe, help them, because we are friends, NOT dependent!

    November 3, 2012 at 8:17 am | Report abuse |