Unemployment Rate Dips to 5.8% One in Five Jobs Created in Food Service Industry — Labor Participation Rate 62.8%

Hillary Clinton EconomyDemocrat Economics 101

(FOX Business) The jobless rate dipped to 5.8% with news that the  economy added 214,000 jobs in October–well below Economists expectations of 231,000 jobs–1 in 5 new jobs created in October were in the food service industry according to Zero Hedge with wages remaining unimpressively flat. 

U.S. Labor Participation rate holds steady at an historic 36 year low of 62.8% according to the Bureau of Labor Statistics–Black unemployment remains at double digit highs of 10.9% nearly double the national average, now 6 years into the Obama presidency.

Related: Dissatisfaction with Obama, Economy Key in GOP Wave Election

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