U.S. Economy Adds 204,000 Jobs In October, Unemployment Up To 7.3 Percent

The United State economy added 204,000 non-farm jobs in October, which greatly exceed analysts' expectations, with unemployment raising to 7.3 percent due to complications from the government shutdown. October showed a major increase in non-farm jobs from 163,000 in September, with a slight increase due to the technicality of the timing of the two surveys that generate the non-farm jobs and unemployment numbers. Currently, unemployment is slightly up by 0.1 percent over 7.2 percent in September Related: Expert Explains November's Flawed Jobs Report Labor force participation was at 62.8 percent for October, it's lowest mark since march 1978, with private sector jobs at over 63.2 percent in September Private sector up jobs were up 212,000 for October over 150,000 added in September. Average hourly earnings are up 0.1 percent, equal with September's increase. Jason Cunningham had no position with the mentioned entities while writing this article. Visit Jason on Twitter at @JasonCunningham and @Benzinga.