Non-farm payrolls increased by 80,000 in October, which came in at nearly half the revised 158,000 rise observed in September (previously reported: 103,000 jobs). The reading surprised the market on the downside, as analysts expected an increase of 95,000 jobs. Nevertheless, the unemployment rate dropped a notch from 9.1% in September to 9.0% in October. As in previous months, the private sector was entirely responsible for new hiring by adding 104,000 jobs, which, nevertheless, fell short of market expectations of 125,000 new jobs. Meanwhile, the public sector cut 24,000 jobs. The economy lost 7.4 million jobs during the recession, which officially lasted from December 2007 to June 2009.
United States Unemployment
Unemployment rate falls slightly in October
November 4, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.