Fewer nonfarm payrolls were created than in September and it was also below analyst expectations.
A piece of information long awaited by investors on Wall Street was released, the report of employment in the United States corresponding to the month of October. The report reflected the weakness of the labor market in that countrydespite the doubts that the market had in this regard.
Is about a key piece of information for the markets because the US Federal Reserve (Fed) will take note of them to decide what to do with the interest rate in December.
The unemployment rate rises 3.9% (one tenth above the previous one), and is located at levels higher than the estimated 3.8%. Meanwhile, 150,000 non-agricultural payrolls were created last month, below the figure for the previous month and also below what analysts estimated.
99,000 private non-agricultural payrolls were created in October, less than analysts expected. And average hourly earnings, in year-on-year terms, rose 4.1%, while the monthly increase was 0.2%.
Source: Ambito
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