The Bureau of Labor Statistics released its "Employment Situation Summary" for the month of October. The unemployment rate ticked up to 7.9 percent, while nonfarm payroll employment increased by 171,000.
Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, and retail trade.