The Market Ticker - Employment: Interesting...
So the screamer headline is
Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing.
Big number.
On the household survey it was +761, with 600 of it coming from people returning to the labor force. That reverses the (very bad) weakness seen in the August report (seasonal firing, and normal) and returns more-or-less to trend.
This report puts the 12 month figures back to where they’ve been before in recent years, which…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=234470
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