More Job Growth

The nation may finally be pulling out of its job funk. The economy added 126,000 jobs in October, more than double the number many economists had predicted, giving hope that the recovery is no longer a jobless one.

The figures from the U.S. Department of Labor released Friday also included revisions to the September and August figures that added another 125,000 jobs to the long-moribund economy.

Economists cautioned that the euphoria should be tempered as long as layoffs continue, jobs move offshore and hourly wages and salaries remain stagnant.

The report also pointed out that the unemployment rate remained virtually unchanged, with 8.8 million people still out of work and 2 million of those out of work for longer than six months, a near record high.

From Phoenix, here is what the region's economic development chief had to say. "We need to get the number to 200,000 jobs a month consistently to really bring down the unemployment rate," said Rick Weddle, president and chief executive officer of the Greater Phoenix Economic Council.

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