11/09/2015

New reports suggest October jobs blowout is an outlier

The surprisingly large 271,000 increase in U.S. jobs in October is likely to prove an exception and not the new normal, according to a fresh pair of employment indicators.
The Federal Reserve’s gauge of labor-market health and a privately run employment trends index suggest the economy will continue to spit out a steady number of new jobs. Just not at October’s heady pace.  Read more

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