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Friday
Nov082013

Unemployment Rate Jumps to 7.3% as 204K Jobs Added in October

iStock/Thinkstock(WASHINGTON) -- U.S. employers added 204,000 jobs to their payrolls in October, far greater than what economists had anticipated, the Labor Department reported Friday morning.

Most economists had expected to see around 122,000 jobs added last month -- a low figure reflective of the partial government shutdown that lasted 16 days.

The unemployment rate, meanwhile, rose from 7.2 percent to 7.3 percent. However, that increase was expected since thousands of government workers were furloughed in October because of the shutdown and showed up as temporarily unemployed.

In another bit of good news, the Labor Department revised its figures for August and September to show that 60,000 more jobs were added in those months.

Copyright 2013 ABC News Radio