New low for U.S. unemployment rate

03 November 2017

 

The U.S unemployment rate has hit another new low for the period since February 2001. According to the U.S. Bureau of Labor Statistics, the U.S. economy gained 261,000 jobs in the non-farm sector in October while September’s figure was revised up from -33,000 to +18,000.  The market’s median expectation for employment growth in October was 310,000. After revisions to previous months’ figures, the unemployment rate dropped from 4.2% to 4.1%...

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