FOREX TradingCharts.com

Financial News: U.S. Employment Jumps Much More Than Expected In

U.S. Employment Jumps Much More Than Expected In October

11/01/2019 - 09:21:00 (RTTNews)

(RTTNews) - Even with a strike by workers at General Motors (GM) weighing on manufacturing employment, the Labor Department released a report on Friday showing much stronger than expected job growth in the month of October.

The Labor Department said non-farm payroll employment climbed by 128,000 jobs in October compared to economist estimates for an increase of about 89,000 jobs.

The report also showed substantial upward revisions to job growth in September and August, with revised data showing employment jumped by 180,000 jobs and 219,000 jobs, respectively.

With the upward revisions, employment gains in September and August combined were 95,000 more than previously reported.

Despite the stronger than expected job growth, the report said the unemployment rate inched up to 3.6 percent in October from 3.5 percent in September. The uptick matched economist estimates.

The unemployment rate crept up from the nearly 50-year low hit in the previous month as a 325-person jump in the size of the labor force more than offset a 241,000-person increase in the household survey measure of employment.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Drops For Third Straight Month In October (07 hr(s), 38 min(s), 21 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed a modest decrease by its ...Full Story»

U.S. Existing Home Sales Jump More Than Expected In October (08 hr(s), 0 min(s),21 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. rebounded by more than expected in the month of Octobe ...Full Story»

S. Africa Central Bank Holds Rate Steady Again (08 hr(s), 51 min(s), 21 sec(s) ago)
(RTTNews) - South Africa's central bank left its key interest rate unchanged for a second cons ...Full Story»

Growth In Philadelphia Manufacturing Re-Accelerates More Than Expected (09 hr(s), 05 min(s), 21 sec(s) ago)
(RTTNews) - After reporting a continued slowdown in the pace of growth in regional manufacturing a ...Full Story»

Belgium Consumer Confidence Improves For Second Month (09 hr(s), 14 min(s), 21 sec(s) ago)
(RTTNews) - Belgium's consumer confidence improved for a second consecutive month to its highe ...Full Story»

U.S. Weekly Jobless Claims Unchanged At Five-Month High (09 hr(s), 16 min(s), 21 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

ECB Minutes Reveal 'Strong Call' For Unity Among Policymakers (09 hr(s), 26 min(s), 21 sec(s) ago)
(RTTNews) - The need for unity among Governing Council members was stressed during the final polic ...Full Story»

Philly Fed Index Rebounds More Than Expected In November (09 hr(s), 42 min(s), 21 sec(s) ago)
(RTTNews) - After reporting a continued slowdown in the pace of growth in regional manufacturing a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Drops For Third Straight Month In October

11/21/2019 - 10:47 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed a modest decrease by its ...Full Story>>

U.S. Existing Home Sales Jump More Than Expected In October

11/21/2019 - 10:25 AM (RTTNews)
(RTTNews) - Existing home sales in the U.S. rebounded by more than expected in the month of Octobe ...Full Story>>

S. Africa Central Bank Holds Rate Steady Again

11/21/2019 - 09:34 AM (RTTNews)
(RTTNews) - South Africa's central bank left its key interest rate unchanged for a second cons ...Full Story>>

Growth In Philadelphia Manufacturing Re-Accelerates More Than Expected

11/21/2019 - 09:20 AM (RTTNews)
(RTTNews) - After reporting a continued slowdown in the pace of growth in regional manufacturing a ...Full Story>>

Belgium Consumer Confidence Improves For Second Month

11/21/2019 - 09:11 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence improved for a second consecutive month to its highe ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.