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Strong Employment Report All Around... (1/2)

US DATA

A few highlights from what looks like a strong October jobs report release all around, apart from participation:

  • BLS: "Job growth was widespread in October, with notable job gains occurring in leisure and hospitality, in professional and business services, in manufacturing, and in transportation and warehousing. Employment in public education declined over the month."
  • On the participation side, labor force participation rate was unchanged at 61.6%, while the closely-watched prime age (25-54 year old) participation rate ticked up to 81.7% from 81.6%, still below Aug though.
  • The employment-population ratio of 58.8% was little changed over the month.
  • The unemp rate fell a to 4.6% from 4.8%, a little below 4.7% consensus. Avg hourly earnings were in line with expectations.

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