US NFP grows only 12k in Oct, unemployment rate steady at 4.1%

US non-farm payroll employment grew only 12k in October, well below expectation of 106k. That compares to average monthly gain of 194k over the prior 12 months. Nevertheless, unemployment rate was unchanged at 4.1%, matched expectations. number of unemployed people was little changed at 7.0m. Participation rate ticked down from 62.7% to 62.6%. Average hourly […]

The post US NFP grows only 12k in Oct, unemployment rate steady at 4.1% appeared first on Action Forex.