Lates News

According to The New York Times, U.S. monthly nonfarm payroll employment data is volatile and may be revised later, so economists caution against overinterpreting any single monthly report. But the October employment data was strong, and coupled with upward revisions to data from previous months, the report indicates that the recent trend in employment growth has clearly improved. Over the past three months, employers added an average of 137,000 jobs per month. Before today's release of the latest data, the three-month average monthly job gain was only 51,000.