October jobs report crushed expectationstoday, with total non-farm payrolls coming in at
204,000 (versus 120,000 expected).
“Job growth has averaged 202,000 per month over the past 3 months,” according to a BLS report breaking down the job figures.
“In October, leisure and hospitality, retail trade, professional and technical services, manufacturing, and health care added jobs. “
Average hourly earnings in the private sector climbed by 2 cents in October, and are up 2.2% over the year.
In the report, the BLS breaks down the state of American jobs one sector at a time.