U.S. Payrolls Jump by 204,000; Jobless Rate at 7.3%

U.S. Payrolls Jump by 204,000; Jobless Rate at 7.3% Play

Nov. 8 (Bloomberg) -- Payrolls in the U.S. increased more than forecast in October, a sign that employers were optimistic the world’s biggest economy would weather the effects of the federal government shutdown. The addition of 204,000 workers followed a revised 163,000 gain in September that was larger than initially estimated, Labor Department figures showed today in Washington. The jobless rate rose to 7.3 percent from an almost five-year low. Peter Cook reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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