• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick U.S. payrolls increased by 150,000 in October, less than expected
Editor's Pick

U.S. payrolls increased by 150,000 in October, less than expected

by November 6, 2023
by November 6, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation.

Nonfarm payrolls increased by 150,000 for the month, the Labor Department reported Friday, against the Dow Jones consensus forecast for an increase of 170,000.

The unemployment rate rose to 3.9%, against expectations that it would hold steady at 3.8%. Employment as measured in the household survey, which is used to compute the unemployment rate, showed a decline of 348,000 workers, while the rolls of the unemployed rose by 146,000.

A more encompassing jobless rate that includes discouraged workers and those holding part-time positions for economic reasons rose to 7.2%, an increase of 0.2 percentage point.

Average hourly earnings, a key measure for inflation, increased 0.2% for the month, less than the 0.3% forecast, while the 4.1% year over year again was 0.1 percentage point above expectations.

Markets reacted positively to the report, with futures tied to the Dow Jones Industrial Average adding 100 points.

This post appeared first on NBC NEWS
You Might Also Like
  • Self-driving Cruise vehicle accused of nearly hitting kids in two separate close calls, one day apart
  • Companies are slashing prices to woo consumers. It’s working.
  • Google launches first AI-powered Android update and new Pixel 9 phones
  • Tiger Woods announces split with Nike, leaving brand’s ties to golf in doubt
Share
0
FacebookTwitterPinterestWhatsapp

previous post
House oversight chair promises subpoenas for Joe, Hunter Biden: ‘Tax cheat’
next post
Tyson plant closures prompt economic soul-searching in the Ozarks

You may also like

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike...

October 21, 2024

Customers want instant gratification. Workers say it’s pushing them to...

August 2, 2023

United Airlines tweaks frequent flyer program to reward credit card...

November 10, 2023

Ford F-150 Lightning electric truck fire highlights a growing EV...

April 24, 2023

DOJ and FTC warn consumers of fraud and price gouging...

October 10, 2024

Soracom, UnaBiz Launch Jointly Developed LTE-M IoT Button

February 21, 2023

Inflation is finally slowing down, but consumers are still feeling...

June 16, 2023

In the wake of bank meltdowns, the Fed draws accusations...

March 23, 2023

Electric vehicle owners face the cold truth as temperatures plummet

January 20, 2024

CEOs at Trump meeting say he was ‘meandering’ and ‘doesn’t...

June 17, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025
    • DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

      June 19, 2025
    • Feeling Unsure About the Stock Market’s Next Move? These Charts Can Help

      June 18, 2025
    • Amazon expects to cut corporate jobs as it relies more on AI

      June 18, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,598 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,874 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,577 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,416 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,140)
    • Investing (538)
    • Stock (2,620)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Nike pushes back Skims launch with Kim Kardashian due to...

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold...

      June 19, 2025
    • DOJ seizes record $225 million in crypto tied to global...

      June 19, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,140)
    • Investing (538)
    • Stock (2,620)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Art Cashin, New York Stock Exchange...

    December 3, 2024

    Why Chappell Roan and other artists...

    February 9, 2025

    Women’s college basketball championship expected to...

    April 7, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here