U.S. Labor Pool Adds 250,000 Jobs

Jobs

The U.S. economy added another 250,000 non-farm jobs in October as the U.S. labor pool hit a record high of 156.562 million workers, the U.S. Labor Department’s Bureau of Labor Statistics reported Friday.

Between September and October, the U.S. jobless rate remained unchanged at 3.7% as total non-farm payroll employment gains were posted primarily in health care, manufacturing, construction, and transportation and warehousing. The Labor Department’s snapshot of the U.S. job marketplace easily beat economists’ expectations of only 188,000 job gains and a jobless rate of 3.7%, according to the Wall Street Journal’s monthly survey.

Following the market-moving job report, U.S. Labor Department Secretary Alexander Acosta credited President Donald Trump for “another booming month of job creation,” noting that the jobless rate held at the lowest level since 1969 for the second straight month.   MORE

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