The October Employment Situation report released by the Bureau of Labor Statistics shows solid employment growth from both the payroll and household survey. On the payroll side, 171,000 jobs were added in October, while revisions to prior months’ data increased the payroll count by an additional 84,000 jobs. In the household survey, unemployment ticked up to 7.9 percent, reversing some of the large drop in the unemployment rate in September. However, the unemployment rate increase in October was not due to a deterioration in employment; the share of the working-age population with a job ticked up by one-tenth of a percentage point in October.
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