Nov 6, 2015
Following two consecutive months of sluggish performance, the U.S. labor market gained significant momentum in October. The economy added more jobs — 271,000 — than in any other month this year, the unemployment rate declined slightly, and wage growth accelerated. This month’s report suggests that, despite economic headwinds abroad, the U.S. economy is gaining traction, increasing the odds that the Fed will raise interest rates in December.
The Top Line below has more analysis.