new jobs figure beats expectations

new jobs figure beats expectations ; The US unemployment rate remained unchanged at 9.6% in October, but 151,000 jobs were created, the Labor Department has said. The new jobs figure is much higher than analysts had expected amidst the sluggish recovery of the economy. But the unemployment rate has now been at the current level for three months.

US President Barack Obama called the increase in jobs "encouraging news", adding that there was still much more to be done. "I am open to any idea, any proposal, any way we can get the economy growing faster so that people who need work can find it faster," he said.

The US Federal Reserve announced on Wednesday it would pump $600bn (£373bn) into the US economy to boost the speed of recovery. High unemployment was named as one of the reasons for the intervention. The October unemployment rate itself was in line with Wall Street forecasts. "We still have the unemployment rate steady so this isn't going to affect the Fed thinking too much at this point," said economist Sean Incremona at 4Cast Ltd in New York. For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Business

• PepsiCo strategic planning 2012
• Best Low Interest Credit Cards 2012
• Why British Airways buy BMI from Lufthansa
• gkn news june 2 2011
• benefits nota Fiscal Eletrônica for companies
• irs file extension - How to File For An Extension
• irs tax extension 2011
• joe battipaglia death, Popular Wall Street Strategist
• study for port neighbours, Environmental, social costs of cruise ship industry outweigh benefits
• can you claim maintenance fees your taxes
• tips to consider before starting up a new business
• Factors to Consider when Starting new business
• What factors you will have to take into account to start the new business
• Ocean Science A Frontal Challenge for Climate Models
• Recent US Treasury Announcement States that Net Present Value Test, Such as United Resources Solutions', Will Ensure a Loan Modification
• angel broking brokerage charges 2011
• product lifecycle management hardware jobs
• St Eugene Commences 2011 Exploration Program at Tartan Lake Mine Project
• best indicator of the coming serious inflation
• inflationary risks european 2011
• UK to be best in Europe for business - Budget 2011
• Business Matrix for Monday 14 March 2011
• Slower growth predicted for 2011- British Chambers of Commerce
• world's richest people 2011 Canada's rich list Forbes magazine released
• China's consumer inflation in 2011 will reach 5 percent