From Yahoo Finance, November 6:
The US added 165,000 jobs in October, blowing past economists' expectations, as the labor market showed strength despite the Federal Reserve's recent rate hikes.
The unemployment rate ticked down to 4.1% amid a slight increase in labor force participation. September's underwhelming jobs report of 29,000 additions was also revised upward to 60,000 jobs.
"Consistent with prior, more partial indicators of the US labor market, the October Jobs Report came in very strong, across the board," economist Mohamed El-Erain posted on X.
Heather Long, chief economist at Navy Federal Credit Union, deemed the results "a blowout," in a post on X.
Economists surveyed by Bloomberg projected a gain of about 70,000 jobs in October and saw the unemployment rate holding steady.
Wage growth increased 0.4% from September, better than expectations for 0.3% month-over-month growth. Annual earnings rose 3.1%, beating expectations, but likely still lower than the current rate of inflation....
....MUCH MORE
