Making Financial Headlines · Page 10
Payrolls Beat the Forecast, Leaving Economists to Check Their Work
· New York time
The U.S. economy added 165,000 jobs in October, far above the 59,000 forecasters expected. Unemployment slipped to 4.1%, versus an expected 4.2%. The nonfarm payroll figure gives a broad view of employment rather than a picture of every worker's experience. The result showed considerably stronger job growth than the forecast, while the unemployment rate moved slightly below the anticipated level. Forecasters had prepared for a quieter month. The economy returned the assignment with a much larger number and no explanation in the margins.
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