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.
Why Britain’s prime ministerial doom loop will continue until immigration reform is fixed
Connecticut dad jumped to his death during concert at Madison Square Garden in NYC: report
Coast Guard helicopter crashes during Alaska training mission, injuring four crew members
BREAKING: Heartbreak in Nancy Guthrie Case as Note Believed to Be from Kidnappers Confirms She Is Dead
Prominent businessman learns fate in boat crash case that killed teen, maimed another
US official says JD Vance made ‘great progress’ in Iran talks, calls snub reports ‘foreign propaganda’
Ilhan Omar’s New Financial Disclosure Takes Americans for Fools – Claims Spouse Made as Little as $200 in 2025
Los Angeles schools superintendent Alberto Carvalho resigns amid FBI probe
Job-Seekers Learn New Hack That Makes Landing Jobs Easier, But It Also Humiliates Every College, University in US
Chicago priest tells Trump to ‘shut up’ and restore gun violence prevention funding after deadly weekend
Trump-backed housing overhaul targeting Wall Street investors clears Senate
Elon Musk Threatens Legal Action Against Ro Khanna After Congressman’s Outrageous Lie
DOJ investigating NYC coffee shop over hostile social post about pro-Israel politician
Vance takes lead selling Trump’s Iran gamble as Rubio, Hegseth and Ratcliffe cede spotlight on fragile deal
Fox News Poll: Voters embrace health agenda while rating RFK Jr negatively
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.
