US Added 261k Jobs in October with Jobless Rate Rising to 3.7%

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  • #47072
    Helmholtz Watson
    Participant

    US Nonfarm Payrolls in October rose 261,000 rose higher than the expected 200,000 after the prior increase of 315,000. Job gains were led by education
    [See the full post at: US Added 261k Jobs in October with Jobless Rate Rising to 3.7%]

    #47222
    Truman
    Participant

    US October Conference Board employment trends lower at119.57 vs 120.17 prior

    #47368
    TradersCom
    Keymaster

    Fed’s Evans concerned that much higher rates will bring the Fed’s jobs mandate into jeopardy

    – Sees benefits to making adjustments to the pace of Fed rate hikes soon
    – Hopeful that #inflation will soon slow

    (CPI Tomorrow)

    #47408
    Truman
    Participant

    Weekly Initial Claims 225K (consensus 220K); Prior revised to 218K from 217K; Weekly
    Continuing Claims 1.493 mln; Prior was revised to 1.487 mln from 1.485 mln

    The key takeaway from the report is that initial jobless claims are still running at low levels, yet the latest reading shows claims moving in a direction that has been deemed the right direction for tempering the pace of the Fed’s rate hikes.

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