Today’s strong jobs numbers show that under President Biden, America’s economy is back. Don’t take our word for it – check out the coverage of the October jobs report below ⬇️
Axios: October surprise
Associated Press: US hiring rebounded in October, with 531,000 jobs added
Wall Street Journal: Strong Rebound as U.S Economy Adds 531,000 Jobs
Axios: October surprise
“Out: Oof. In: Wow. The job market added a stunning 531,000 jobs last month. The unemployment rate ticked down to 4.6% — a new pandemic-era low.
Why it matters: America's job market recovery has been on track all along.
Between the lines: Revisions to prior months are often overlooked. Not this month: Upgrades to both August and September were so enormous — fully 366,000 jobs higher than originally reported — that they have definitively reversed the narrative that there was a Delta-induced hiring slump in late summer.
By the numbers: America has now recovered 80% of the jobs lost at the depth of the recession in 2020.”
“Wages are still rising: Average hourly earnings rose another 11 cents an hour in October, to $30.96. That's enough to keep up with inflation.”
Why it matters: America's job market recovery has been on track all along.
Between the lines: Revisions to prior months are often overlooked. Not this month: Upgrades to both August and September were so enormous — fully 366,000 jobs higher than originally reported — that they have definitively reversed the narrative that there was a Delta-induced hiring slump in late summer.
By the numbers: America has now recovered 80% of the jobs lost at the depth of the recession in 2020.”
“Wages are still rising: Average hourly earnings rose another 11 cents an hour in October, to $30.96. That's enough to keep up with inflation.”
Associated Press: US hiring rebounded in October, with 531,000 jobs added
“All told, the figures in the jobs report point to an economy that is steadily recovering from the pandemic recession, with healthy consumer spending causing companies in nearly every industry to step up hiring.”
“By nearly every barometer, the economic recovery appears solidly on track. Services companies in such areas as retail, banking and warehousing have reported a sharp jump in sales. More Americans bought new homes last month. And consumer confidence rose in October.”
“By nearly every barometer, the economic recovery appears solidly on track. Services companies in such areas as retail, banking and warehousing have reported a sharp jump in sales. More Americans bought new homes last month. And consumer confidence rose in October.”
Wall Street Journal: Strong Rebound as U.S Economy Adds 531,000 Jobs
“The U.S. added 531,000 jobs in October and the unemployment rate fell to 4.6%, as the labor market rebounded from a summer lull.
“Job growth was also stronger in August and September than previously thought. The economy added 312,000 jobs in September instead of the initially reported 194,000, the Labor Department said Friday. August’s gain also was revised higher to show 483,00 new jobs instead of the previously reported 366,000.”
“Job growth was also stronger in August and September than previously thought. The economy added 312,000 jobs in September instead of the initially reported 194,000, the Labor Department said Friday. August’s gain also was revised higher to show 483,00 new jobs instead of the previously reported 366,000.”