The official unemployment rate fell to 5.8 percent in October from 5.9 percent in September, when the measure fell under 6 percent for the first time since mid-2008. The official rate, also called U-3 by the Bureau of Labor Statistics, only counts people who are actively unemployed, looking for work and who have applied for a job within the past four weeks. That leaves out millions of Americans who have simply given up looking for work in a tough job market.
Posted on: Fri, 07 Nov 2014 21:06:45 +0000
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