Thomas jobless rate jumps to 6.3% in October

FSMNews

And even with the 90,000 upward revisions in the hurricane-affected months, the average monthly job gain for the last three months came in at 162,000-a slowdown from the year-to-date monthly average gain through July of 171,000.

October's advance marked the 11th straight month of job gains, which is the longest streak in over a decade. The industry has added 17,500 jobs since September 2016. The uptick in the unemployment rate was attributed to more people - 56,800 - joining the labor force to look for a job.

According to the October jobs report, the "travel arrangement and reservation services" sector, which the BLS counts under "professional and business services", lost approximately 1,000 jobs from September to October.

Since January of this year, unemployment in the United States has decreased by seven tenths of a percentage point.

The agency said the number of full-time positions swelled by 88,700, while part-time employment dropped by 53,400 jobs.

On Not Being Scared of a Halloween Attack
The parade, which is open to anyone in a costume, started in 1973 with a puppeteer marching with his family. Sand trucks will be rolled out along the route before the 7pm kickoff time for the parade.

US labor reports for October were released Friday, and the numbers were slightly better than what was initially expected. The U.S. unemployment rate, calculated by a survey of households, fell to 4.1%, its lowest level since December 2000.

October's strong jobs data "suggest there is still some life left in the economic upswing", BMO Capital Markets chief economist Doug Porter said.

Wages pressures in October were flat, however, with average hourly earnings falling by a penny to $26.53.

The Bank of Canada raised its key interest rate target twice this year, but kept it on hold at its most recent rate decision as it predicted growth would slow in the second half of the year.

Additionally, wages rose from the same time a year ago by 2.4 percent but slowed somewhat from last month.

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