Surprise gain in October jobs reinforces Fed’s plan to pause its rate cuts

Surprise gain in October jobs reinforces Fed’s plan to pause its rate cuts

Chipotle restaurant workers fill orders for customers in Miami.
Getty Images

The stronger-than-expected October jobs report and big revisions to prior months shows that the labor market is resilient and that should encourage the Fed to stay on the sidelines.
The economy added 128,000 jobs in October, despite the negative impact of 42,000 striking General Motors workers, who counted as unemployed…

View On WordPress