U.S. employers increased their pace of hiring in October, with declining COVID-19 infections and demand for workers amid widespread shortages helping bolster labor market activity.
The Labor Department released its October jobs report Friday morning. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:
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Change in non-farm payrolls, October: +531,000 vs. +450,000 expected, +194,000 in September
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Unemployment rate: 4.6% vs. 4.7% expected, 4.8% in…
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