WASHINGTON (AP) -- The nation's jobless rate held steady at a three-decade low of 3.9 percent in October, pushing unemployment among Hispanics to the lowest level on record, the government said Friday.
The Labor Department said the jobless rate was unchanged from September, surprising analysts who had been predicting a slight uptick in the unemployment rate to reflect a slowing economy.
But instead, unemployment remained at the three-decade low first reached last April and matched in September, even though the number of new payroll jobs created last month slowed to 137,000, compared to a gain of 195,000 in September.
The unemployment report was the last major economic indicator to be released before Tuesday's elections.
In a second report Friday, the Commerce Department said new orders to the nation's factories rose 1.6 percent in September, a stronger-than-expected increase.
Brainerd Dispatch ©2013. All Rights Reserved.