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Jobs report: U.S. economy adds 128,000 jobs in October, smashing expectations

The U.S. economy added more jobs than expected in October, handily topping estimates even as a protracted strike was anticipated to weigh on hiring growth.

The unemployment rate held near a 50-year low, and wage increases picked up slightly.

The Bureau of Labor Statistics released its latest print on the U.S. employment situation Friday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus economist expectations compiled by Bloomberg:

Change in non-farm payrolls: +128,000 vs. +85,000 expected and 180,000 in September

Change in manufacturing payrolls: -36,000 vs. -55,000 expected and -5,000 in September

Unemployment rate: 3.6% vs. 3.6% expected and +3.5% in September

Average hourly earnings month-on-month: +0.2% vs. +0.3% expected and 0.0% in September

Average hourly earnings year-on-year: +3.0% vs. +3.0% expected and 3.0% in September

https://finance.yahoo.com/news/jobs-report-october-2019-bls-employment-211125748.html

  

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