Job creation was much stronger than expected in October.
The U.S. economy added 128,000 jobs for the month and the unemployment rate rose to 3.6 percent, higher than the month before but still near a 50-year low.
Economists had expected the economy to add 75,000 jobs, with forecasts ranging between 55,000 and 155,000, according to Econoday. That unusually wide range was caused, in part, by differing views of how the General Motors strike would hit employment at suppliers and related businesses.
Unemployment was expected to tick up to 3.6 percent.
Colombian president claims Trump’s Venezuela fight is ‘about oil’ instead of drugs
Biden administration’s Afghan refugee vetting vows resurface after DC attack: ‘Care to circle back?’
Liberal Women Role Play as Illegals, Teach Volunteers How to Impede ICE
Bill Maher Calls Out Liberals Who Are Angry with Trump-Voting Relatives Just in Time for Thanksgiving
France announces new military service program to address Russian threat to Europe
Shifting Thanksgiving traditions reflect broader political, economic and cultural divides
Why Thanksgiving Is the One American Holiday the Left Can’t Stand
Days Before National Guardsmen Shot, Dem Senator Said Troops Deployed in Cities May Soon Fire on Civilians
Who is the DC National Guardsmen shooting suspect? What to know about Afghan national Rahmanullah Lakanwal
Trump admin set to let protected status for 350,000 Haitian migrants expire in February
Parents Sue District After School Forced Daughter to Share Bed with ‘Trans’ Male Student on Trip
How the White House turkey pardon became an American tradition
California Democrats push pet projects despite $12 billion deficit blamed on Trump
Fox News ‘Antisemitism Exposed’ Newsletter: IDF finds huge Hamas terror tunnel under UN compound
Erika Kirk Signals Turning Point USA Is Prepared to Fully Support Vance in 2028
Prior months were revised upward, indicating that the labor market has been much stronger than initial reports suggested. August’s initial 168,000 was revised up to 219,000. September’s soared from 136,000 to 180,000. Those revisions brought the three-month average up to 176,000.
The strength of the labor market was even more impressive because of the drag created by the GM strike and the government shedding workers it hired to conduct the census. The manufacturing sector shed 37,000 jobs in the month, many of which economists expect will be added back now that GM workers are back on the job. The government cut back by 17,000 jobs.
The pace of average hourly earnings rose by one-tenth of a percent to a year-over-year 3 percent gain. The average workweek was unchanged at 34.4 hours.
Story cited here.
