The unemployment rate was 6.9% in October, according to the Bureau of Labor Statistics. The decline of one percentage point from the previous month is steeper than the half percentage point drop between August and September —but the unemployment rate was still double the 3.5% rate reported in February. Job growth was comparable to September, with another 638,000 jobs added to payrolls.
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Unemployment rate dropped to 6.9% in October
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