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Job creation roars back in October as payrolls rise by 531,000​

PUBLISHED FRI, NOV 5 20218:31 AM EDTUPDATED 2 HOURS AGO

Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM

KEY POINTS
  • Nonfarm payrolls increased by 531,000 in October, beating the estimate of 450,000.
  • The unemployment rate fell to 4.6%, a new pandemic low and better than expectations.
  • Wages rose 0.4% for the month and were up 4.9% from a year ago.
  • Leisure and hospitality led job creation, followed by professional and business services and manufacturing.

JUST FRIGGIN OUTSTANDING!!! AND ANOTHER MARKET HIGH!!! DAMN!!!
 
I don’t know. Everyone is broke and the moron above is happy. No one will work but unemployment fell. Could be because the time ran out hello and what stock is up? Can you point out one without a Chinese base? Please point out who’s payroll increased when my cost of living went up almost a quarter since when? You guessed it 1/6/21.
Yay Americans left behind. Yay the ability to work raised a third and to heat a home the same. Your crap investment will soon be given to some aliens “Yay”.
Hey this for sure must be one of your relatives. I mean look at her.
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Wait! That’s you isn’t it?
 

Job Gains Offer a Brighter Picture of the U.S. Economy​

Employers added 531,000 jobs in October, a big improvement from the previous month and a sign of optimism as the latest coronavirus surge eases.

The American economy is showing renewed signs of life, with employers hiring workers in greater numbers than they have in months.

The Labor Department reported Friday that payrolls in October jumped by 531,000, the best showing since July. The gains were reflected in a broad variety of fields, led by restaurants and bars, as well as factories, offices and warehouses.

The improvements followed a late-summer lull caused by the latest coronavirus surge and by supply chain problems that have delayed shipments, hampered manufacturers and left gaps on supermarket shelves.

Business leaders and economists said October’s data pointed to faster growth in the final months of the year, especially with shoppers feeling bullish as the holiday season approaches.
 
Two death row inmates in Japan are taking legal action against same-day executions.
Prisoners on death row are only notified hours before they are to be executed. Capital punishment is conducted by hanging.
Their lawyer has argued such short notice was "extremely inhumane", local media said.
Rights groups have long criticised the practice, saying it affects the mental health of prisoners.
"Death row prisoners live in fear every morning that that day will be their last," said the lawyer for the two death row inmates Yutaka Ueda, according to a Reuters report.
"The central government has said this is meant to keep prisoners from suffering before their execution, but that's no explanation. Overseas, prisoners are given time to contemplate the end of their lives and mentally prepare."
 
CELLFISH said:
One Hundred Million peeps out of work in this country, is that ???possible… cellfish…
Click to expand...

OY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The quick and simple answer to your question is NFW and I do hope your post is of a rhetorical nature.

A quick use that brain that millions of years of evolution has gifted Homo sapiens would clear up that false premise of 100 million unemployed. It is TOTAL BULLCHIT and wherever you "read it on the internet" is total crap.

The TOTAL US population is ~329 million which includes kids, retirees, and other "unemployable" folks. If almost 1/3 of that, your quoted 100 million which is a 30% unemployment figure, were out of work you'd know it. Right now the published number is 4.6% unemployment.
 
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