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PODCAST: October jobs numbers

Applicants wait to meet potential employers at a Manhattan job fair in New York City.

The latest jobs report defied expectations this morning: payrolls grew by 204,000 people in October, contrary to the 120,000-figure forecasted by surveyed economists. Does this mean the labor markets emerged from the government shutdown unscathed?

Down in the trenches of the labor market, people don't need a government forecast to tell them that times are still tough for so many. This is especially true in Nevada, where 9.5 percent of the workforce remains unemployed. After a five month stretch without work, 24-year-old Rebecca Farewell Prisaznuk finally found a job she likes working for the state in Carson City. But that wasn't the end of her unemployment nightmare.

 

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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