October job growth: What shutdown? Jobs growth strong in October

NEW YORK (CNNMoney) -- What shutdown? Job growth unexpectedly surged in October, even as the federal government closed its doors for 16 days.

The U.S. economy added 204,000 jobs, according to the Bureau of Labor Statistics. That was well above economists' expectations.

Plus, there was more good news about hiring during the late summer. Revisions showed an extra 60,000 jobs were created in August and September.

Economists were expecting weak job growth, due to uncertainties created by the budget battles in Washington. But the Labor Department noted "there were no discernible impacts of the partial federal government shutdown" on the job growth numbers.

The jobs report also showed the unemployment rate rose slightly to 7.3%, up from 7.2% in September, but economists expect this to be a passing blip. About 448,000 furloughed federal workers were counted as being on temporary layoff, and the next jobs report, due on December 6, will probably show these people were back at work in November.

Overall, the picture certainly isn't completely rosy. About 11.3 million Americans remained unemployed in October -- 4 million of whom have been out of work for at least six months.

Where are the jobs? Job gains came across a variety of sectors. Retailers added 44,000 jobs, professional and business services added 44,000 jobs, restaurants and bars hired 29,000 workers and manufacturers added 12,000 jobs.

Meanwhile, the federal government cut 12,000 jobs -- a third of which were at the U.S. Postal Service.

Excluding the postal service, federal jobs were at their lowest level since 2009.

The-CNN-Wire
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