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.
Trump says China ‘spies’ on US after report ties Chinese imagery to Iran strike
California football coach arrested after students make disturbing discovery at school
Maryland dad blamed ‘Satan’ after 2-month-old daughter died from horrific head trauma
Trump offers update on White House press secretary sweepstakes
Trump unloads on AOC, Mamdani for laughing during sacred 9/11 ceremony at Ground Zero
GOP gov candidate recounts miracle water landing as dispatch audio reveals desperate search for sinking plane
Trump says Lindsay Clancy case is a ‘state situation’ following attorney’s pardon plea
Charlie Kirk statue defaced with red paint, Jesus crossed out days after 1-year mark of assassination
Arrest rips apart media narrative on death of Black woman found hanging from Mississippi tree
Trump tells Zelenskyy to stop doing ‘one thing’ during attacks on Russia
Election chaos in this red state just got even stranger for Republicans after Supreme Court ruling
The Left Loves ‘Land Acknowledgements’: Here’s One That Honors Our Forefathers and Actually Tells the Truth About Native Tribes
Arizona Corrections Officer Arrested for Smuggling 5,400 Rounds of Ammo for Mexican Drug Cartel
You’ve Never Heard of This Potential US Partner, But Their Minerals Could Help Us Take on China
3 House Democrats Visit ICE Detention Center to Meet with Illegal Aliens with Deportation Orders
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.
