According to the Department of Labor, October brought a net gain of 261,000 jobs.
(Last month’s net loss of 33,000 was revised to a net gain of 18,000.) The headline
unemployment rate ticked down to 4.1%, while the broader U-6 rate fell to 7.9%
(down 1.3% in 12 months). Wages were up 2.4% year-over- year. The Institute for
Supply Management’s purchasing manager indices alternately rose and fell in
October. The readings were strong: 58.7 for the factory PMI (down 2.1 points), 60.1
for the service sector PMI (up 0.3 points). 1,2
1 – forbes.com/sites/maggiemcgrath/2017/11/03/payrolls-rebound-from-hurricane-losses-adding-261000-jobs-in-october/ [11/3/17]
2 – marketwatch.com/economy-politics/calendars/economic [11/3/17]