Ekonomické zprávy
05.11.2021

Hiring accelerated in the U.S. in October - CIBC

eFXdata reports that analysts at CIBC Research discuss today's U.S. jobs report.

"Hiring accelerated in the US in October, with the 531K employment gain above the consensus forecast of 450K. A +235K revision to the prior two months added to the good news. [...] The unemployment rate fell by a tick more than expected, to 4.6%, as the household survey showed a solid gain in jobs and the participation rate held steady. Average hourly earnings rose by a strong 0.4% as employers continued to attract workers to fill elevated job openings."

"While better than expected, this print still leaves the unemployment rate 1.1%-points above the lows the Fed is aiming to see in the next two years." 

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