Classifieds

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, professional and technical services, leisure and hospitality, and manufacturing sectors.
In other labor trends in October, the number of people who held two or more jobs declined to 7.496 million. The number of people employed part-time and who would have preferred full-time employment remained high at 3.7 million. The number of people who were not in the labor force but want a job held steady at 5.7 million....