Just 12,000 jobs were added to the U.S. economy in October, much lower than expected

A dismal jobs report released Friday showed that just 12,000 jobs were added to the U.S. economy in October , much lower than the 100,000 analysts expected.

The report indicated that the impact of hurricanes and a Boeing strike contributed to the paltry job numbers.

The unemployment rate for October was 4.1% , with an estimated 7 million unemployed.