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NewsBreak: Nonfarm Payrolls Rose by 128,000 in October

Published 01/11/2019, 13:29
Updated 01/11/2019, 13:38
© Reuters.
GM
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Investing.com - The U.S. economy created more jobs than Wall Street expected in October, the Labor Department reported Friday, in an unusual month affected by the strike by workers at General Motors (NYSE:GM).

  • Nonfarm payrolls jumped 128,000, compared with expectations for a rise of 89,000 according to forecasts compiled by Investing.com. September's hiring was revised up to 180,000 from an initially-reported 136,000.

  • The unemployment rate ticked up to 3.6%, in line with forecasts.

  • Average hourly earnings rose 0.2%, versus expectations for a rise of 0.3%, while average weekly hours came in at 34.4, matching estimates.

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