Job Creations Jump in October

The Labor Department reported on Friday that U.S. employers added 271,000 new workers in October, well above the 181,000 expected and up from the lower numbers seen in August and September. The report showed hiring across many sectors of the economy. The Unemployment Rate fell to 5 percent, the lowest level since April 2008, just before the Great Recession.

The strong number could push the Fed to raise interest Rates next month at the FOMC meeting.