US Unemployment Drops to a Minimum of 6 Years

US Unemployment Drops to a Minimum of 6 Years

The unemployment rate in the United States fell in October to 5.8%, the lowest level in six years. In September, the rate was 5.9%, the level at which analysts predicted it would stop again last month. Unemployment dropped even more as people entered the labor force, increasing the rate of the working population, the highest in five years.

The US economy created in October, for the ninth consecutive month, more than 200,000 jobs, showing a recovery in the market. The new 214,000 jobs created in October are slightly below the 256,000 in September. The private sector has created 209,000 jobs.

The rate of under occupation, which includes part-time workers who would prefer full-time work and those who would like a job but have stopped looking, declined to 11.5% from 11.8%.

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