Payrolls grow by 151,000 in October. Jobless Rate remaines at 9.6%

U.S. added jobs for first time since May
August and September revised up a combined 110,000 jobs

More than doubling predictions, Economists had predicted 70,000 to 100,000 jobs added. Strength was primarily in the service sector, as manufacturing lost 7,000 jobs although manufacturing work weeks and pay both increased.

While positive news, many more jobs will have to be added per month to start reducing the unemployment rate.  See more details here.