214,000 jobs added in October, while unemployment rate fell to 5.8 percent

214,000 jobs added in October, while unemployment rate fell to 5.8 percent
(Image credit: Joe Raedle/Getty Images)

The Bureau of Labor Statistics reported Friday that U.S. employers added 214,000 jobs in October, less than the 248,000 added in September. The unemployment rate fell to 5.8 percent, a tick down from 5.9 percent in September.

The jobs number was slightly below expectations. Bloomberg had estimated that the U.S. would add 235,000 new jobs and Reuters had predicted the addition of 231,000.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.