Comments on October Employment Report

The headline jobs number at 250,000 for October was above consensus expectations of 190 thousand (probably boosted by some bounce back from Hurricane Florence), and the previous two months were unrevised combined. The unemployment rate was unchanged at 3.7%. Overall this was a strong report. Earlier: October Employment Report: 250,000 Jobs Added, 3.7% Unemployment Rate In October, the year-over-year employment change was 2.516 million jobs. This is solid year-over-year growth. Average Hourly Earnings Wage growth was above expectations in October. From the BLS: " In October, average hourly......(read more)

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