The U.S. economy created 271,000 jobs in October
The American economy gained 271,000 jobs in October, the Bureau of Labor Statistics reported on Friday. It also revised estimates from August and September upwards by a total of 12,000. Meanwhile, the unemployment rate remained effectively unchanged at 5 percent.
In other good signs, the labor force participation rate stayed at 62.4 percent and wages grew 2.5 percent from a year ago. That's noticeably higher than the recent trend, but we'll need another month or two to know if this is a real liftoff.
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