Trump Gets Major Jobs Report Boost After Midterms Rattle Markets
Summary
The Bureau of Labor Statistics reported that U.S. employers added 165,000 jobs in October, above analyst forecasts of 65,000. Revisions also raised estimates for August and September, while the unemployment rate edged down to 4.1 percent.Key Facts
- October employment rose by 165,000 jobs, according to the Bureau of Labor Statistics.
- Analysts had forecast an increase of 65,000 jobs for October.
- September’s job gain was revised up by 31,000, from 29,000 to 60,000.
- August’s job gain was revised up by 53,000 to 186,000.
- The revisions made the combined August and September results 84,000 jobs stronger than previously reported.
- Employment increased in professional and business services, health care, and transportation and warehousing.
- The unemployment rate fell to 4.1 percent in October from 4.2 percent in September.
- The next BLS inflation report was scheduled for Tuesday morning.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
