Search
 

Payrolls climb, jobless rate falls

The 214,000 increase in employment followed a 256,000 advance the prior month that was more than initially estimated, Labor Department figures showed today in Washington.

By Michelle Jamrisko | Updated on November 07, 2014
(AP Photo/Alan Diaz)

Nov. 7 (Bloomberg) — Employment gains exceeded 200,000 for a ninth straight month in October and the jobless rate unexpectedly fell to a six-year low, indicating companies are optimistic the economy will withstand a slowdown in some overseas markets.

The 214,000 increase in employment followed a 256,000 advance the prior month that was more than initially estimated, Labor Department figures showed today in Washington. The median forecast in a Bloomberg survey of 100 economists called for a 235,000 advance. The jobless rate declined to 5.8 percent, even as more people entered the labor force, boosting the share of the population working to the highest in five years.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.