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Unemployment Rate Up Only 0.1% Despite Government Shutdown

Unemployment Rate Up Only 0.1% Despite Government Shutdown

(Washington, DC) -- The Labor Department is giving an impression of the impact the government shutdown had on jobs. The monthly jobs report shows 204,000 new, non-farm payroll jobs created last month while unemployment creeped up a tenth of a percent to 7.3-percent.

It has remained above seven-percent for 58 straight months, a post-World War II record. Hourly wages went up about two-cents per hour in October and the average work week remained the same as in September at just less than 34-and-a-half hours.

The jobs report usually comes out the first Friday of the month but was pushed back a week due to last month's shutdown.

 

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