US Economy Added 261,000 New Jobs in October as Hiring Stays Strong

[Epoch-Times-Bot]

US Economy Added 261,000 New Jobs in October as Hiring Stays Strong

The U.S. economy added 261,000 new jobs in October, down from the upwardly revised 315,000 in September, according to the Bureau of Labor Statistics (BLS). This topped the market estimate of 200,000.
The unemployment rate ticked up to 3.7 percent last month, up from 3.5 percent in September. The labor force participation rate edged down from 62.3 percent to 62.2 percent.
Average hourly earnings eased to 4.7 percent year-over-year, down from 5 percent. This was in line with market expectations. Average weekly hours were unchanged at 34.5.
Employment gains were broad-based, driven by health care (53,000), professional and technical services (43,000), leisure and hospitality (35,000), and manufacturing (32,000). The U.S. economy also saw gains in government payrolls (28,000), wholesale trade (15,000), and financial activities (3,000)....

Source: US Economy Added 261,000 New Jobs in October as Hiring Stays Strong

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