Economy posts major job gains

By on November 7, 2017
Unemployment, Jobs Both Rise

U.S. employers added 261,000 non-agricultural jobs last month, as the economy appeared to snap out of the hurricane-induced slum it suffered through in September.

Employment grew in food services and drinking establishes,  professional and business services, manufacturing, and health care, according to data released Friday by the Bureau Of Labor Statistics.

Unemployment was 4.1 percent, the lowest rate recorded since December 2000.

The country has added jobs for 85 consecutive months, the longest streak on record.

In more positive news, the labor department revised its September jobs data. It originally reported a loss of 33,000 jobs because of Hurricanes Harvey and Irma, but that figure was revised to a gain of 18,000 jobs,

Several sectors reported minor losses last month, including retail, which dropped 8,000 jobs, according to the report.