The October Labor Numbers: what candidates are telling us

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The October Bureau of Labor Statistics report on employment, released on November 5, contains broadly positive news, with overall growth in non-farm employment of 531,000 which is the highest since July. The number of US jobs created surpassed the estimated 450,000 wages and recovering from dipping point in September. The Labor Department said Friday that the US labor market was “shaking”, with nonfarm payrolls rising more-than-expected as the unemployment rate fell to 4.6%. Private sector wages were even higher than the main October number, reaching 604,000, but overall net employment contracted due to another weak month for public sector jobs

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