U.S. Adds 128,000 New Jobs, Beats Expectations By 70%; Dow Rallies 250 Points

(U.S. Department of Labour)“The unemployment rate remains near a 50-year low. More than 300,000 Americans entered the labor force in October, leading to a slight uptick of the unemployment rate to 3.6%. This marks the twentieth consecutive month in which the unemployment rate has been at or below 4%. It is also encouraging to see another record low unemployment rate for African-Americans.

“Once again, Americans are receiving more money in their paychecks, as year-over-year wage growth rose by 3.0%. Wages have grown at or above 3.0% for 15 straight months, including September’s increased revision”.
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