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According to the Labor Department, 151,000 jobs were added in October. The number is higher than the expected 60,000. The report also revised job loss estimates for September and October, lowering them by 110,000. Economists say that the job growth is a good thing, and shows a lowered chance of the economy sliding into a double dip recession. The unemployment rate will remain at 9.6%, but a broader measure of unemployment fell to 17%. The private sector added 159,000 jobs last month, with governments cutting 8,000. the report also shows slight increases in the work week and hourly wages. The president said that he was happy the economy added jobs, but that he was open to any plans that would speed up the economy and create more jobs for the millions of people who are looking.