“…
That was well above the gain of 50,000 jobs economists polled by The Wall Street Journal expected to see.
However August’s payrolls number was revised to a loss of 4,000 jobs, and July’s payrolls were revised slightly lower to a 72,000 gain. That meant employment in July and August combined was 33,000 lower than previously reported.
The unemployment rate, which is based on a separate survey from the jobs figures, rose slightly to 4.4% as nearly half a million people joined the labor force. Economists expected the unemployment rate to hold at 4.3%.…”
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https://www.wsj.com/economy/central...c?st=twCcnM&reflink=desktopwebshare_permalink
“… While the federal data are incomplete, there are other signs that the
labor market remains unsettled. Major companies including
Amazon.com and
Target recently announced they
were cutting thousands of corporate jobs.
Meantime,
consumer sentiment dropped in early November on concerns about the shutdown’s negative economic impact, according to a survey by the University of Michigan. More than 70% of households said they expect unemployment to increase over the next year.
A survey from the National Federation of Independent Business found small-business optimism also
declined slightly in October. Owners reported lower sales and reduced profits, NFIB said, and many firms said they were having difficulty finding labor.…”
