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October job report tops estimates
by , 11-01-2019 at 08:13 AM (567 Views)
October job creation comes in at 128,000, easily topping estimates even with GM auto strike
More on CNBC: https://www.cnbc.com/2019/11/01/jobs...ober-2019.htmlKEY POINTSNonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones.
There were big revisions of past numbers as well. August’s initial 168,000 payrolls addition was revised up to 219,000, while
September’s jumped from 136,000 to 180,000.
The unemployment rate ticked slightly higher to 3.6% from 3.5%, still near the lowest in 50 years.
The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain.
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