Friday, November 4, 2011

Economy Still Sluggish, Unemployment Dips to 9 Percent

Posted By on Fri, Nov 4, 2011 at 10:09 AM

The nation's unemployment rate dipped to 9 percent in October (from 9.1 percent in September), but the U.S. economy added just 80,000 jobs.

After a surge earlier this year, manufacturing is losing steam, gaining only 5,000 jobs in October. Government and construction jobs also struggled. Approximately 24,000 government jobs disappeared and construction shed 20,000 positions.

On the positive side, employment in business and professional services continued to trend up, adding 32,000 jobs last month. Leisure and hospitality industries added 22,000 jobs in October. Overall, hotels and related activities have added almost 350,000 jobs since January.

Idaho's jobless rate, currently at 9 percent, shadows the nation.

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