US Jobs Top Forecasts, Unemployment Up in Mixed Picture for Fed

Posted on AllSides November 4th, 2022
From The Left

US businesses reported strong hiring and wage increases in October although the unemployment rate climbed, offering a mixed picture as Federal Reserve officials debate how long to extend their campaign to curb elevated inflation.

Nonfarm payrolls increased 261,000 last month following an upwardly revised 315,000 gain in September, a Labor Department report showed Friday. Those figures were derived from a survey of businesses, while one of households painted a weaker picture with higher joblessness, particularly among women.

The unemployment rate increased by 0.2 percentage point to 3.7%, more than forecast,...

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https://www.bloomberg.com/news/articles/2022-11-04/us-adds-jobs-at-robust-pace-underscoring-labor-market-strength

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