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Private sector adds jobs, but US jobless rate stubborn

Private sector adds jobs, but US jobless rate stubborn
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First Published: Fri, Nov 04 2011. 11 36 PM IST

Job seekers arrive at an outdoor job fair at the Crenshaw Christian Center in South Los Angeles. File photo.
Job seekers arrive at an outdoor job fair at the Crenshaw Christian Center in South Los Angeles. File photo.
Updated: Fri, Nov 04 2011. 11 36 PM IST
Job seekers arrive at an outdoor job fair at the Crenshaw Christian Center in South Los Angeles. File photo.
US companies kept adding workers to their payrolls in October, data for the previous two months were revised higher and the jobless rate ticked lower. But the rate remains elevated and job creation is too slow to bring it down quickly.
The government’s broadest snapshot of the labour market showed the US economy created 80,000 jobs in October. The labor department said the private sector added 104,000 positions, which was partly offset by continued cuts at all levels of government.
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First Published: Fri, Nov 04 2011. 11 36 PM IST
More Topics: USA | Economy | Jobs | Employment | Payrolls |