There was better than expected jobs news for President Barack Obama just days before the US presidential election.
Employers there stepped up hiring in October added to their payrolls by 171,000.
The government also said 84,000 more jobs were created in August and September than it had initially estimated.
However the numbers still fell short of what is needed to quickly cut the jobless rate.
That ticked up by one tenth of a percentage point to 7.9 percent.
Experts said that was because more workers had restarted their search for jobs
However, even with a moderate pace of employment creation, the US economy faces a real threat of a renewed recession next year.
The latest numbers will not be enough to satisfy the US central bank, the Federal Reserve, which has pledged to continue stimulus measures until there is a sustained pick up in the labour market.
Polls show Obama and Republican Mitt Romney locked in a dead heat in a race in which the nation’s feeble jobs market has been front and centre.
“Really vigorous is a number like 250,000 to 300,000 jobs a month. This is simply not good enough,” Romney economic adviser Glenn Hubbard told CNBC.
Alan Krueger, the head of Obama’s Council of Economic Advisers, said the report showed the economy moving in the right direction. “While more work remains to be done, today’s employment report provides further evidence that the US economy is continuing to heal,” he said in a statement.
Despite the political wrangling, the impact of the report on the election will likely be muted as most voters’ perceptions on the economy are likely fixed by now.
Copyright © 2014 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 3Vatican rocked by another paedophilia scandal | euronews, world news
- 4Two container ships collide on Egypt’s Suez Canal | euronews, no comment
- 5British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 6Revealed: Europe’s capital cities where it’s hardest to be a foreigner | euronews, world news
- 7Sweden becomes first European nation to recognise Palestine | euronews, world news
- 8European Union News | euronews: latest breaking news and headlines about European Union
- 9International tv news | euronews: European and International tv news bulletin
- 10How nasheeds became the soundtrack of jihad | euronews, world news
- 11Iceland volcano ‘pollutes Paris’ | euronews, world news
- 12Ebola: Six new suspected cases in Spain | euronews, world news
- 13Learning through “serious games” | euronews, learning world
- 14Mike Tyson: ‘You learn humbleness when you get older in life’ | euronews, the global conversation
- 15International breaking news | euronews online world breaking news in video
- 16US says ISIL makes $1 million-a-day selling oil – even to enemies | euronews, world news
- 17US delivers technical aid to Ukraine but warns over security | euronews, world news
- 18euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 19Global warming to ‘cause 250,000 extra deaths a year’ | euronews, world news
- 20All you need to know about the Ebola virus | euronews, world news
Wires > News
- 12:02 CET Russian government approves law to clamp down on offshore tax…
- 12:00 CET Greybull Capital buys UK’s Monarch
- 11:31 CET Deutsche Bank lawyer found dead in apparent NY suicide – WSJ
- 10:11 CET Areva-Siemens raises claim to $4.4 billion over Finnish reactor…
- 08:48 CET India’s finance minister favours interest rate cut – paper
- 08:34 CET China’s auto market growth may halve to 7 percent this year -…
- 07:39 CET South Korea fund to abstain from Samsung merger vote, wants share…
- 01:01 CET Analysis – Wall Street finally turning on Amazon as Bezos magic…