US payrolls jumped 261,000 in October, better than expected as hiring remains strong

US payrolls jumped 261,000 in October, better than expected as hiring remains strong

Job growth was stronger than expected in October despite interest rate hikes by the Federal Reserve aimed at slowing what is still a strong labor market. Nonfarm payrolls rose 261,000 for the month while the unemployment rate rose to 3.7%, the Labor Department reported Friday. Those payroll numbers were better than the Dow Jones estimate …

US payrolls jumped 261,000 in October, better than expected as hiring remains strong Read More »