FXStreet (Mumbai) – The U.S. Bureau of Labor Statistics released the October jobs data today. Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate remained unchanged at 5.0 per cent. Job gains mostly occurred in professional and business services, health care, retail trade
and construction.
Both the unemployment rate (5.0 percent) and the number of unemployed persons (7.9 million) were essentially unchanged in October.
The private sector added 268,000 jobs (consensus was 165,000) while employment in government rose by 3,000. The October labor force participation rate remained unchanged at 62.4 percent
Over the past 12 months, the unemployment rate and the number of unemployed persons were down by 0.7 per cent and 1.1 million, respectively
(Market News Provided by FXstreet)