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Obama Wins Second Term



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Unemployment stays below 8% in October
November 2, 2012: The Unemployment rate in the United States rises one-tenth of a percent to 7.9%.
171,000 net jobs were added to the economy. Not surprisingly the gain is in the private sector - adding 184,000 jobs. The manufacturing sector added 13,000 jobs, a noticable figure sure to be a key talking point in the next few days before the election. Retail added 36,400 jobs. Professional and Business Services added 51,000 jobs.
The public sector lost jobs 13,000 jobs. Broken out, the Federal Government lost 6,000 jobs and State Government aggregated loss is 7,000 jobs.



Source: Table B1 published by the Bureau of Labor Statistics