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Archived News Release--Caution:
information may be out of date.
For more information call: 202 219-7316
The day after Halloween brings more treats in the form of
the October employment report.
October was the 26th month of unemployment under 6 percent
and the third month in a row at 5.2 percent or lower -- and still no sign of
the hobgoblin of accelerating inflation. The economy added 250,000 new private
sector jobs, bringing the total number of new jobs created in this
Administration to 10.7 million.
October was also the first month of a higher minimum wage
for 4.2 million Americans. Many of these workers are employed in the retail
sector, which grew by 62,000 jobs.
Archived News Release--Caution:
information may be out of date.
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