US Jobs Report Better-Than-Expected Despite Uptick In Unemployment Rate

The US economy gained a better-than-expected 171,000 jobs in October and more people were hired in the prior two months than previously believed, but the unemployment rate ticked up to 7.9% from 7.8%, the government said Friday.

Economists surveyed by Market Watch expected a 120,000 increase in jobs, with an unemployment rate of 7.9%. Employment gains for September and August were revised up by a combined 84,000.

Source: MarketWatch