link on Friday, in a move hailed as a sign of progress by economists despite 9 million people remaining out of work.The Bureau of Labor Statistics (BLS) said that the unemployment rate fell to 5.8%, as employers added 214,000 jobs in October. The average monthly gain in the past year was 222,000. The industries that added the most jobs were “food services and drinking places, retail trade, and health care” the BLS said.
In its report, the BLS said that the number of unemployed has fallen by 1.2 million this year and the number of long-term unemployed has fallen by 1.1 million.
Long-term unemployment...
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