The Jobs reports continue to be upbeat….
U.S. employers added 161,000 jobs in October and the unemployment rate fell to 4.9 percent as the labor market maintains steady improvement.
The Labor Department’s report, which was below economists’ expectations, is the last one before Election Day, giving Democrat Hillary Clinton and Republican Donald Trump a final chance to make their cases on how the economy would run under their watch.
Jobs growth was revised up by 44,000 for the previous two months. In August, jobs went up to 176,000 from a previous estimate of 167,000, and September got a boost to 191,000 from 156,000.
Payrolls have grown on average by a healthy 176,000 over the past three months.
In the past year, hourly earnings have risen by 2.8 percent, the fastest since June 2009.
But how much this report influences the presidential election, which is only four days away and has already seen 34 million people cast their ballots, is difficult to gauge….
Share on Facebook