Unemployment Rate Dropped In October

U.S. employers added about 214,000 jobs in October and the unemployment rate fell to 5.8%.

The unemployment rate fell to 5.8% as employers added about 214,000 jobs in October, according to the Bureau of Labor Statistics.

The jobless rate is at a six-year low, and the number of additional jobs exceeded expectations, Bloomberg News reported.

"Job growth occurred in food services and drinking places, retail trade, and health

care," the BLS reported.

The figures comes as voters across the nation handed big wins to Republicans in midterm elections, in part due to a lack of confidence about improvement in the economy.

Employers in the nation added at least 200,000 jobs each month for nine straight months, which the Associated Press said is the longest stretch since 1995.

"The unemployment rate is falling as fast as at any point in the last thirty years, and the economy is on pace for its best year of job growth since the late 1990s. The economy has come a long way since the crisis six years ago," said Jason Furman, chairman of the Council of Economic Advisers, which advises President Obama.

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