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October job report tops estimates

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October job creation comes in at 128,000, easily topping estimates even with GM auto strike

KEY 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. Augustís initial 168,000 payrolls addition was revised up to 219,000, while

Septemberís 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.
More on CNBC: https://www.cnbc.com/2019/11/01/jobs...ober-2019.html

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