U.S. employers created more jobs in October than expected
HIRING SLOWING
FILE PHOTO: A"Help Wanted" sign reads"Not Hiring" in Livonia, Michigan, U.S., October 9, 2019. REUTERS/Brian Snyder “A stable equity market at the very least loops right back into supporting consumer spending,” said Steve Blitz, chief U.S. economist at TS Lombard in New York. The one-tenth of a percentage point rise in the unemployment rate to 3.6% last month reflected 325,000 people rushing into the labor force. A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, increased to 7.0% last month from 6.9% in September, which was the lowest level since December 2000.
FILE PHOTO: Striking union auto worker holds a sign on the picket line outside the General Motors Flint Truck Assembly in Flint, Michigan, U.S., October 9, 2019. REUTERS/Brian Snyder
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