The U.S. economy added more jobs than expected in October even as the Federal Reserve pressed on with the central bank’s most aggressive monetary tightening campaign in decades.
Here are the highlights from the Labor Department’s monthly jobs report released Friday, compared to consensus estimates from Bloomberg:
-
Non-farm payrolls: +261,000 vs. +195,000 expected
-
Unemployment rate: 3.7% vs. 3.6% expected
-
Average hourly earnings, month-over-month: +0.4% vs. +0.3% expected
-
Average hourly earnings,…
Source link
