U.S. Economy Added 271,000 Jobs In October, Exceeding Expectations

04:08

November 06, 2015

Iron workers help to build the new Comcast Innovation and Technology Center under construction, Friday, Oct. 23, 2015, in Philadelphia. (Matt Rourke/AP)

The Labor Department reported Friday that the U.S. economy added 271,000 jobs in October, far exceeding expectations. The unemployment rate fell to 5 percent, a new seven-year low.

This comes as the Federal Reserve is weighing when to begin increasing interest rates. Here & Now's Peter O'Dowd looks at the jobs numbers with Mike Regan of Bloomberg News.

Guest

Mike Regan, editor at Bloomberg News. He tweets @reganonymous.

This segment aired on November 6, 2015.