11.5.21 Job Growth Bounces Back in October
The October payroll report more than delivered on expectations for a bounce back from the soft September report.
The U.S. Bureau of Labor Statistics released its October employment report this morning, revealing that the domestic economy added a solid 531,000 jobs during the month, exceeding Bloomberg-surveyed economists’ median forecast for a gain of 450,000. This comes on the heels of a weak September report, originally reported at 194,000 but revised this morning up to 312,000, as shown in the LPL Chart of the Day. The previous two months were revised up by 235,000 combined.
The good news didn&
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