Job growth stronger than expected in October, unemployment rate slides to 6.9%

https://www.cnbc.com/2020/11/06/jobs-report-october-2020.html

  • Nonfarm payrolls increased by 638,000 in October and the unemployment rate fell to 6.9%.
  • Economists surveyed by Dow Jones had forecast 530,000 and 7.7%, respectively.
  • Hospitality and professional and business services showed the biggest gains. Government job losses subtracted from the total.

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