October marked the 73rd month of consecutive job growth for the United States.
Last jobs report before the election
In the final monthly jobs report before the presidential election, the Bureau of Labor Statistics revealed employers added 161,000 jobs in October. That's lower than the 175,000 jobs analysts expected and labor force participation has slipped, but unemployment still ticked down to 4.9% and wages saw a boost. More unemployed Americans are finding work and his upward trend in wages could continue.
Huge +0.4% rise in average hourly earnings. year over year now at 2.8%— Neil Irwin (@Neil_Irwin) November 4, 2016
Average hourly earnings climbed 2.8 percent from a year ago.
As Bloomberg reports, one in four people looking for jobs found work in October.
Unemployment rate, October— Nick Timiraos (@NickTimiraos) November 4, 2016
While the pace of job growth has slowed down, job hunters have been in luck.
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