Comment on U.S. Hiring Was Unexpectedly Resilient in October as 128,000 Jobs Added Despite GM Strike

U.S. Hiring Was Unexpectedly Resilient in October as 128,000 Jobs Added Despite GM Strike

(Bloomberg) — U.S. hiring was unexpectedly resilient in October and prior months saw sharp upward revisions, offering hope that the labor market can propel consumers to keep spending and extend the record-long expansion despite weak business investment and trade tensions. Payrolls rose 128,000 after an upwardly revised 180,000 advance the prior month, according to a Labor Department report Friday that exceeded the median 85,000 estimate in Bloomberg’s survey.

 

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