Reflections on the October 2020 BLS Report

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Today, the U.S. Bureau of Labor Statistics released its Employment Situation Summary for the month of October. Thankfully, the nature of the report doesn’t match the spooky mood present throughout the rest of the month. This release shows the continued, albeit gradual, improvement of the unemployment rate and other factors surrounding the U.S.’s recovery from the COVID-19 pandemic. Notable gains occurred in leisure and hospitality, professional and business services, retail trade, and the construction industry.

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