US Employed 214,000 in October, Unemployment Falls

United States: US managed to create 214,000 jobs in October, unemployment has fallen 5.8% from 5.9% in the previous month of.

The Bureau of Labor Statistics revealed US economy has succeeded to fall the unemployment rate in America from 5.9% to 5.8%, the highest fall since last six year. Officials of Labor Statistics stated that US economy tried to meet the healthy job growth in last month which was 230,000.

US added 214,000 employees in private sector, has added 200,000 jobs consecutively in last nine month while the labor participation towards economy, looking for jobs or employed still remained at 62.8 in October.

US mid-term elections, in which Republicans took over major seats in the senate, US economy many absorb this political influence and take a direction. GOP leaders also stated that US economy is their top priority and will take key step to stabilize the economic growth in United States.

American President Obama said that however, there is growth in economy and fall in unemployment but there are many stakeholders who are in troubled about the future of US economy.