Employment increased by 170,000 in October, and the unemployment rate reached 7.9%

Employment increased by 170,000 in October, and the unemployment rate reached 7.9%. The Department of Labor announced on Friday that the unemployment rate was 7.9% in October. According to a survey by Bloomberg, economists had previously expressed this...

>In October, 170,000 jobs were added and the unemployment rate reached 7.9%. The Labor Department announced on Friday that the unemployment rate was 7.9% in October. According to a Bloomberg survey, economists had previously expected an average of 7.9%. The unemployment rate was slightly higher than September's 7.8%. The reason why the unemployment rate increased while employment increased is because the unemployment rate statistics are based on the number of people looking for work, indicating that more people were looking for jobs in October. Non-farm employment data in October showed 171,000 new jobs, which was better than the 114,000 in September. However, the increase in jobs was not enough to significantly lower the unemployment rate. The unemployment rate rose slightly to 7.9% in October from 7.8% in September. As the most important economic data released before the election, the performance of non-farm employment data will not only affect market sentiment, but may also influence the outcome of the US presidential election. Wei Boman, chief economist of the Oppenheimer Fund, pointed out that swing voters are easily affected by the performance of the job market that is closely related to them. Bad or particularly bad employment data will make those undecided voters make a decision quickly. Now there are only four days before the election voting deadline, and the election situation is still anxious. The latest NPR news survey results show that in 12 major "swing" states, Obama's approval rate is 50%, leading Romney by 4 percentage points. However, from the national survey, Romney leads Obama by one percentage point, with an approval rate of 48%. The latest ABC/Washington Post poll of eight major "swing" states shows that Obama's support rate is 49%, ahead of Romney's 48%.