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November 02, 2007
Employers Add 166,000 Jobs to Payrolls

Payroll employment rose by 166,000 in October, and the unemployment rate was unchanged at 4.7 percent, according to a report by the Bureau of Labor Statistics of the U.S. Department of Labor.

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Payroll employment had increased by 93,000 in August and 96,000 in September.

In October, job growth continued in several service-providing industries, while employment in manufacturing continued to trend downward. Construction employment was little changed over the month.

Meanwhile, average hourly earnings of production and nonsupervisory workers on private payrolls increased by 3 cents, or 0.2 percent, in October to $17.58, seasonally adjusted. Average weekly earnings also grew by 0.2 percent over the month, to $594.20. Over the year, average hourly earnings rose by 3.8 percent, and average weekly earnings rose by 3.5 percent.

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