Not a headline the Dems were hoping for going into this weekend.
WASHINGTON (AP) -- The unemployment rate dropped to a five-year low of 4.4 percent in October as employers added 92,000 new jobs -- flashing a picture of a strong labor market as the midterm elections draw near.
The latest report, released Friday by the Labor Department, showed that the civilian unemployment rate fell 0.2 percentage point from 4.6 percent in September. It marked the third month in a row that the politically prominent jobless rate declined.
Workers' average hourly earnings climbed to $16.91 in October, a sizable 0.4 percent increase from September. That increase was bigger than the 0.3 percent rise economists were expecting. Over the last 12 months, wages grew by 3.9 percent.