U.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
WASHINGTON — .
The Labor Department says the unemployment rate ticked up from 3.5% to 3.6%, still near a five-decade low. For the second straight month, average hourly wages rose 3% from a year ago.The GM strike contributed to the loss of 41,600 auto factory jobs in October. But the settlement will likely lead to a rebound in the coming months. The report revised upward job gains in the prior two months by a combined 95,000, suggesting a healthier job market than initially believed.
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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%,
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October job creation comes in at 128,000, easily topping estimates even with GM auto strikeEven with a decline of 42,000 in the motor vehicles and parts industry, the pace of new jobs well exceeded the estimate of 75,000.
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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.
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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...
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