The number of new jobs in the USA fell far short of forecasts

The US Department of Labor today released its employment report for October, based on which investors evaluate the state of the federal economy and the direction of the Fed’s monetary policy.

The unemployment rate in the United States was 4.1 percent in October, while it was also 4.1 percent in September. News agency Bloomberg’s the consensus of economists expected the unemployment rate to remain at the previous month’s level at 4.1 percent.

Non-agricultural jobs grew by 12,000 in October. The corrected reading for September was an increase of 223,000 copies. The forecast expected growth of 100,000 jobs in October. Jobs are taken into account without agriculture due to the seasonal nature of the industry.

Jobs in industry decreased by 46,000. In September, according to corrected figures, jobs decreased by 6,000. Economists expected a decline of 30,000 jobs.

The Ministry of Labor publishes its report on the first Friday of every month. The report is based on surveys of households and companies.

Interest rates on government bonds fell sharply after the publication of the labor market report.

The number of jobs decreased due to, among other things, hurricanes. Nordea’s chief analyst Jan Von Gerich message service urges to treat the figures with more caution than normal X:in.

Story completed on 1.11. at 4:18 p.m.