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US jobless figures fall to nine-year low as employment stays stable

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By Robert Hackwill
US jobless figures fall to nine-year low as employment stays stable

<p>Health care, professional and business services,and financial activities are leading the way in the continuing healthy US jobs market, but the overall rate was unchanged in October, at 4.9%.</p> <p>Net figures are now relatively unchanged since August 2015, with the number of Americans out of work at around 7.9 million.</p> <p>Job losses or end of short term contracts fell by 218,000, and the number of long term<br /> unemployed remained stable at two million or 25.2% of the total.</p> <p>Overall the US Bureau of Labour Statistics notes that jobs growth has been at a slower pace for 2016: 181,000 per month, compared with an average monthly increase of 229,000 in 2015. </p> <p>The average non-farm workweek ranged from 33.6 to 40.8 hours in manufacturing, which saw a slight increase.</p>