Economy
September 8, 2020
Employment Gains Exceed Expectations in October
Written by Peter Wright
The economy added 638,000 jobs in October, exceeding consensus expectations, reported the Bureau of Labor Statistics. Expectations were for a gain of 600,000.
In the October data, the August gain was revised up by 4,000 and September was revised up by 15,000. Of the job losses in March and April, 10,090,000 are still unemployed. Figure 1 shows the total number of nonfarm employed people in the U.S. since 2000.
