Friday, 2 November 2012

United States jobs surge even as jobless rate edges higher

WASHINGTON: The United States added 171,000 jobs in October, far more than expected, while the unemployment rate edged up to 7.9 per cent, the government reported Friday just days ahead of the presidential election.

The encouraging jobs report provided a final snapshot of a slowly improving economy as President Barack Obama battles for re-election next Tuesday in a neck-and-neck race against Republican challenger Mitt Romney.

The muddling economy and high unemployment are uppermost on

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