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U.S. Job Growth Gets Back on Track in October With 531,000 Gain

Published 11/05/2021, 08:32 AM
Updated 11/05/2021, 08:36 AM
© Reuters. U.S. Job Growth Gets Back on Track in October With 531,000 Gain

(Bloomberg) -- The U.S. labor market got back on track last month with a larger-than-forecast payrolls gain, indicating greater progress filling millions of vacancies as the effects of the delta variant faded.

Nonfarm payrolls increased 531,000 last month after an upwardly revised 312,000 gain in September, a Labor Department report showed Friday. The unemployment rate fell to 4.6% while the labor force participation rate was unchanged.

The median estimate in a Bloomberg survey of economists called for a 450,000 payrolls gain and for the jobless rate to fall to 4.7%.

The faster pace of hiring shows that more Americans returned to workplaces as Covid-19 cases declined and employers offered higher wages. Some of the payroll growth may have also come after an estimated 7.5 million people lost federal expanded unemployment benefits on Sept. 6. 

 

 

Latest comments

I finding job in USA can any one help me
it is quite the mystery to me where all the workers are... no drivers for school, nobody working at the local Starbucks (2 of 4 closed due to labor shortage), ports don't have enough workers, no truck drivers... i thought the federal assistance stopped by now, isn't everybody running out of money by now?? puzzled
Fed ready to rise rate earlier than focus
What Tom Foolery Hocus Pocus is this? These arent new jobs. They are job openings from those who refused to get vaccinated and left their positions. Fraudsters.
imran ahmed
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kn m,zwkmkolqokookppooko oosools
Why are rates falling then? Somebody distrusts the rosy economic outlook
ok
oojjiik im OK i oliikomkunm KO imkjoiko.oo..kkknoljnom ink oollijj ik o.o.oil mik.bsim. OK s OK l,omo..
If its rosy why are we in a labor market shortage when just a few short years ago we had no problems getting say an uber? Now i wait 45 min minimum, or how about a restaraunt with only two ppl working because they cant find workers? I guess real life escapes you
Follow your dreams, Burger King are hiring.
Nice. Now FED can raise rates !!!!
This is Great!😃
The phoney jobs number
buy buy gold
buy gold
????
gold is up
gold is up
Thank God!
I'll reserve judgement until the second half of January when seasonal workers are no longer influencing this "data".
seems like a fake #
EUR USD. should I buy or sell
do both with a stop and one of them should become a trend ;)
Welcome to Friday fraud, where the criminal manipulation has already begun in the pre-market.  Again, nothing is "price-in" to the US Ponzi Scheme, biggest investment joke in the world.
No problem, sit on the side as we reap the rewards. Keep buying shorts then!
agreed
The jobs are not new jobs. They are openings from those that refised to get vaccinated and left their positions. Agreed. Friday jobs report fraud. (Jobs numbers are reported by the biden administration. Not some independent agency)
Knee jerk economists. Are you sure these arent jobs that were emptied by individuals who refused to get vaccinated and left? A false indication of the economy.
09426219541wavemoney
so is good news good again or is good still bad?
It’s the opposite of logic- that’s the media
it means the economy jumped up a few percent because of wages were higher, you’re forgetting the holiday seasonal jobs from amazon.
good is good, bad is also good
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