Government Shutdown Influences October's Unemployment Numbers

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The effects of the shutdown were visible in October's jobs report.

The unemployment rate crept up slightly in October, up to 7.3 percent from 7.2 percent in September. The Labor Department says the increase is likely because furloughed workers were counted as unemployed.

Employers added 204,000 jobs in October. In a bit of good news, the Labor Department says employers added 60,000 more jobs in August and September than initially reported, and believe it is a sign that hiring is picking up over the first half of the year.

However, the percentage of Americans working or looking for work--which are the numbers looked at when determining the unemployment rate--fell to a 35-year low. Officials say that number is likely due to the shutdown and not an actual reflection of the current economic picture.

The Bureau of Labor Statistics says employment increased in leisure and hospitality, retail trade, professional and technical services, manufacturing, and health care.




 
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