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Unemployment rate moves little in October

The national unemployment rate declined ever-so-slightly to 9.0% in October, according to data released Friday by the Bureau of Labor Statistics.

In October, the unemployment rate was 9.1%. A year ago, it stood at 9.6%. The past several months have seen little change -- the rate has been in the 9.0% to 9.2% range since April. 

Construction employment declined by 20,000 in October, largely offsetting an increase of 27,000 in September; both over-the-month changes largely occurred in nonresidential construction. Employment in both residential and nonresidential construction has shown little net change in 2011.

The data showed nonfarm payroll employment continued to trend up in October with an additional 80,000 jobs. 

 

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