US Added A Solid 128,000 Jobs In October Despite GM Strike


Friday, November 1st 2019, 10:47 am
By: News 9


U.S. employers added a solid 128,000 jobs in October, a figure that was held down by a now-settled strike against General Motors that caused tens of thousands of workers to be temporarily counted as unemployed.

The unemployment rate ticked up from 3.5% to 3.6%, still near a five-decade low. And for a second straight month, average hourly wages rose a decent if less-than-robust 3% from a year ago.

The government also revised up its estimate of job growth for August and September by a combined 95,000, suggesting a healthier employment market than many had thought.

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