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Paladin Blog

November 2014 Jobs Report: 214,000 Jobs Added in October November 11, 2014

 Unemployment rate decreases to 5.8 percent as 214,000 jobs were added in October October 2014 delivered positivity in the form of a decreased unemployment rate (5.8 percent) and number of unemployed (9.0 million). Since the beginning of the year, the unemployment rate and the number of unemployed persons have declined by 0.8 percentage point and 1.2 million, respectively. While the number of long-term unemployed (those jobless for 27 weeks or more) remained flat, around 2.9 million individuals. These individuals accounted for 32.0 percent of the unemployed population.

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