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.
CodePink leader adds muscle to well-funded fight to ban restaurant delicacy
How to follow 2026 Election Day coverage on Fox News platforms
Tinder killer who believed he was a warlock said he ‘picked the wrong person’ after murdering woman
Virginia’s Dem AG Calls AR-15 Rifles ‘Machine Guns’ in Stunningly Ignorant Brief to SCOTUS
Report: ‘Presbyterian Seminarian’ Talarico Had Account On Adult Hookup Website, Was Looking for ‘Group Sex,’ ‘Fetish’ Partners
Gavin Newsom touts ‘ruthless’ approach to politics in New Hampshire pitch
Questions still haunt Houdini’s Halloween death 100 years later
Trump admin threatens Iran with ‘consequences’ as allies convene amid threats of post-election escalation
Why Keisha Lance Bottoms is trailing Jon Ossoff in Georgia
Watch: Muslim Debater Begs Security to Remove Christian Apologist After He Tells the Truth About Islam
Will Republicans distance themselves from Trump after the midterm elections?
Watch: Parents Say Soccer Officials Called Cops on Their Toddler Because He Was Too Good
Trump push to oust Omar faces historic Supreme Court test, but legal experts see ‘uncharted’ twist
An art museum to visit in sneakers
Democrats are likely to come up short in Florida. They’re still giving Republicans a scare
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.
