“Job growth stronger than expected in October, unemployment rate slides to 6.9%”
November 6, 2020
“Employment growth was better than expected in October and the unemployment rate fell sharply… The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%. Economists surveyed by Dow Jones had been looking for a payroll gain of 530,000 and an unemployment rate of 7.7% a touch lower than the September level of 7.9%.
October’s gain was just slightly off the September pace of 672,000. The jobless rate decline was positive as it came with a labor force participation rate that rose 0.3 percentage points to 61.7%. An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also declined, to 12.1% from 12.8% a month ago…”
https://www.cnbc.com/2020/11/06/jobs-report-october-2020.html