Unemployment Rate Inches Up to 7.9% in October

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More bad news for President Obama as the October unemployment report was announced on Friday. 

The economy added just 171,000 jobs in October, a rate that economists say just keeps pace with the growing working-age population.

The unemployment rate inched up from 7.8 percent to 7.9 percent, which is where unemployment was when President Obama took office.

President Obama faces voters on Tuesday with the highest unemployment rate of any incumbent since President Franklin Roosevelt.

The rate ticked up because more people without jobs started looking for work,and the government only counts people as unemployed if they are actively searching.

When those who have given up the job search are included, the unemployment rate is much higher.

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