Reported 27 days ago
US private payrolls saw a significant increase in October, adding 233,000 jobs despite concerns over disruptions from hurricanes and strikes. This surge follows a revised increase of 159,000 in September. Economists had initially predicted a lower gain of 114,000 jobs. The upcoming Labor Department employment report is expected to confirm the positive trend, with an overall estimate of 115,000 nonfarm jobs added last month, while the unemployment rate is projected to remain steady at 4.1%.
Source: YAHOO