Some scary numbers in the jobs data
Despite the government shutdown last month, the latest employment figures show the economy added 204,000 jobs in October, an increase of 56,000 month over month, while the unemployment rate rose to 7.3 percent.
Economists expected the numbers to increase by 120,000.
With an uptick in the unemployment rate, the labor-force participation rate, a measure of both people who are working and those who are actively looking fell by 40 basis points to 62.8 percent, it's lowest level in more than three decades. The 30-year average stands at around 65.8 percent.
At the same time, the employment-population ratio, which measures the percentage of adults over 16 who have a job also decreased by 30 basis points to 58.3, the lowest it's been since July 2011.
Below is a breakdown of the jobs report for the month of October.
Private sector = 212,000
Natural resources and mining = 5,000
Construction = 11,000
Manufacturing = 19,000
Durable goods = 12,000
Nondurable goods = 7,000
Services = 177,000
Wholesale trade = -5400
Retail trade = 44,000
Transportation = 0
Information and media = 5,000
Financial service and real estate = 7,000
Professional and business services = 44,000
Education and health services= 23,000
Leisure = 53,000
Government = -8,000
—By CNBC's Pradip Sigdyal and Giovanny Moreano. Follow Giovanny on twitter: