The US economy added 128,000 jobs in October and unemployment rose slightly to 3.6%. A loss of 36,000 manufacturing jobs was impacted primarily by the GM strike.
US employers added 128,000 jobs in October, the Bureau of Labor Statistics said in its monthly jobs report. Meanwhile, the unemployment rate rose slightly to 3.6%, but it was for a good reason: 325,000 Americans started looking for work.Overall, the report was far stronger than expected, beating economists' forecasts for a gain in 89,000 jobs. A 40-day GM strike, which took some 50,000 autoworkers out of the workforce, was expected to serve as a bigger drag on the job market.
6%, remains near a 50-year low. In October, the labor market participation rate climbed to 63.3%, its highest level since August 2013."Really, there is nothing here to worry about," wrote Thomas Simons, senior money market economist at Jefferies in a note to clients."Whatever weakness we see here this month is going to be added back in with the November data.
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. employers added solid 128,000 jobs in October
Lire la suite »
US added a solid 128,000 jobs in October despite GM strikeU.S. employers added a solid 128,000 jobs in October, a figure that was held down by a now-settled strike against General Motors that caused several thousand workers to be temporarily counted as unemployed. The Labor Department also said Friday that the unemployment rate ticked up from 3.5% to 3.6%,
Lire la suite »
The US economy added 128,000 jobs in OctoberThe US economy added 128,000 jobs in October. The unemployment rate rose slightly to 3.6%. The United States lost 36,000 manufacturing jobs last month, impacted primarily by the GM strike.
Lire la suite »
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 »