Another 214K Jobs and a Jobless Rate of 5.8%

[bobabode]

http://www.washingtonpost.com/blogs/...rcent/?hpid=z1

October posts another good month under President Obama's leadership.

214,000 jobs and 5.8% unemployed.

"The U.S. is on pace for its sharpest year of labor market expansion in 15 years after another month of robust job growth, according to government data released Friday, in the latest reassuring sign about the pace of the economic recovery.
With 214,000 jobs added in October, the unemployment rate ticked down to 5.8 percent, the lowest level in six years, even as more workers entered the job market.
The latest data suggests that the slow march out of the Great Recession is gaining traction and stands in noted contrast to a wave of discontent that helped Republicans sweep a round of midterm elections this week. Though wage growth has been sluggish in recent years, Americans — helped by falling oil prices — are seeing their purchasing power rise while jobs come back." WaPo