No One Saw October's Jobs Report Coming
Economists underestimated the amount of jobs employers added in October; several industries saw job gains.By Melissa Prax | November 6, 2015
The U.S. job market improved in October far more than economists were expecting — and we mean far more.
Employers added 271,000 jobs in October, while economists were only expecting about 180,000. That lowered the unemployment rate to 5 percent, half the rate we saw six years ago at the height of the Great Recession.
Business, health care, retail, food and drink, and the construction industries all saw job gains.