The U.S. added 128,000 jobs in October, solidly beating the expected 75,000 new jobs.
Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the autoworkers' strike and created jobs at a pace well above expectations.
The unemployment rate for African-Americans nudged lower to 5.4%, a new record. Also, the total employment level as measured in the household survey jumped to 158.5 million, also a new high. Together the new estimates added 95,000 positions for the two-month period, bringing the three-month average to 176,000, which is well above the pace needed to keep the unemployment rate around its current level.The report helps further quell worries that the U.S. economy is teetering toward recession and helps affirm the assessment from most Federal Reserve officials.
Social assistance increased by 20,000 while financial activities rose by 16,000, bringing to 108,000 the total Wall Street jobs added over the past year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. Adds 128,000 Jobs in October, Beating ExpectationsThe unemployment rate inched up to 3.6%, while wages grew 3% from a year earlier, coming through in line with expectations.
Lire la suite »
General Motors strike looms over U.S. October job growthU.S. job growth likely slowed sharply in October, weighed down by a strike at Ge...
Lire la suite »
The jobs numbers are out on Friday, but there's another report that could be much more importantA monthly manufacturing report Friday could be more impactful for markets than the jobs report, which was impacted by the GM strike.
Lire la suite »
People MagazineToday on PeopleNow: GatenM123 is here LIVE to talk his new show PrankEncounters!
Lire la suite »
GM Strike Expected to Cloud Friday’s Jobs ReportThe Labor Department will issue its broadest measure of the U.S. job market on Friday, providing an update on the state of the labor market amid a broader easing of economic growth.
Lire la suite »
Treasury yields move higher ahead of October's jobs reportU.S. government debt prices were lower on Friday morning.
Lire la suite »