US unemployment back under 5%

07 November 2016

 

Unemployment in the US fell to 4.9% in October as the number of people in employment increased and despite a rise in the participation rate. According to the US Bureau of Labor Statistics, 161,000 new jobs were created, less than the 173,000 expected. However, it was the 2.8% rise in average hourly earnings which attracted attention, as it is the highest annual rate since 2009. US 10 year bonds fell...

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