october jobs report
The unemployment rate fell to 4.9 percent in October as the economy added 161,000 jobs.
The nation's employers added 271,000 jobs in October, and the unemployment rate ticked down slightly to 5 percent in a solid report on labor market conditions. Wages grew 2.5 percent over the past year, their strongest yearly performance since the recession officially ended in June 2009.
The strong jobs report means the Fed is more likely to hike interest rates in December.
(Updates with labor market figures) * Nonfarm payrolls increase 142,000 in September * Unemployment rate steady at 5.1 percent
The job market is slowly but steadily moving towards full employment, but there's still considerable slack. If we want to see real wages going up across the wage scale -- not just at the top, but at the bottom as well -- we're going to need to not only get to full employment, but to stay there.
"While the labor market is improving and in many respects has already healed, employee bargaining power remains virtually
These numbers paint a pretty different, and more positive, picture of recent job growth than even the last jobs report, which came out just a few weeks ago on Oct 22 due to the shutdown.
The October jobs report, which was originally scheduled to be released on Nov. 1, was delayed a week by the 16-day government
We're four years into a recovery that began in the second half of 2009, yet unemployment is still highly elevated, and job growth is once again decelerating. There should be no question that fiscal drag and general political dysfunction continues to hurt working families.
WASHINGTON — WASHINGTON (AP) — The U.S. economy added just 148,000 jobs in September, suggesting that employers held back