Economy
November 9, 2015
Net Job Creation through October 2015
Written by Peter Wright
The Bureau of Labor Statistics (BLS) analysis of non-farm employment reported on Friday that 271,000 jobs were added in October, which was well above economist’s consensus expectations. August’s gains were revised up by 17,000, but September’s were revised down by 5,000. This followed September’s result of 137,000 which was well below consensus expectations of about 200,000. The three month moving (3MMA) of gains through October was 187,000. The unemployment rate, U3, calculated from a different survey, fell from 5.1 percent to 5.0 percent. Monthly job gains have averaged 206,000 per month in the ten months of 2015 (Figure 1).
