The big month for job gains comes off a disappointing September that may have been weighed down by the violent storm season in the Carolinas.
Over the past 12 months, job gains have averaged a solid 211,000 despite sentiment from the Fed and elsewhere that the economy is at or near full employment.
A broader measure of unemployment that takes into account discouraged workers and those holding jobs part time for economic reasons edged lower to 7.4 percent.
Health care showed some of the biggest gains for the month, adding 36,000.
Manufacturing contributed 32,000, thanks to a gain in durable goods and in particular transportation equipment, which added 10,000.
Professional and business services increased by 35,000, bringing its 12-month total gain to 516,000, and mining added 5,000.
Job growth skewed by full-time positions, which rose by 318,000, while part-time jobs increased by 242,000, according to the household survey.
https://www.cnbc.com/2018/11/02/us-created-250000-jobs-in-oct-vs-190000-jobs-expected.html
Over the past 12 months, job gains have averaged a solid 211,000 despite sentiment from the Fed and elsewhere that the economy is at or near full employment.
A broader measure of unemployment that takes into account discouraged workers and those holding jobs part time for economic reasons edged lower to 7.4 percent.
Health care showed some of the biggest gains for the month, adding 36,000.
Manufacturing contributed 32,000, thanks to a gain in durable goods and in particular transportation equipment, which added 10,000.
Professional and business services increased by 35,000, bringing its 12-month total gain to 516,000, and mining added 5,000.
Job growth skewed by full-time positions, which rose by 318,000, while part-time jobs increased by 242,000, according to the household survey.
https://www.cnbc.com/2018/11/02/us-created-250000-jobs-in-oct-vs-190000-jobs-expected.html
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