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Jobs growth surges in October, but fails to meet experts’ expectations

Employment gains were in line with the pace of recent months-161,000 more jobs in October, compared with an average of 181,000 a month for the year as a whole.

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Barack Obama’s lead economic adviser said the increased GDP figures were due to strong export growth and continued strength in consumer spending’. Photograph: Joshua Lott/Getty Images The US economy.

American employers added 215,000 jobs in November – while October’s job growth was upwardly revised from 130,000 to 184,000. That’s according to payroll processor ADP, anyway.

Job growth in June surges. Employers may be recruiting less experienced workers and training them in-house rather than offering pay increases. For other economists, though, the lack of wage growth is a sign the economy still has room to run before most people who want a job are able to get one.

“While the unemployment rate dropped to its lowest levels in 17 years, April’s jobs growth failed to meet expectations,” said Yun Cohen. when jobs increased by an upwardly revised 135,000. One.

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But employment surged again last month, beating the expectations of most economists with 196,000 new jobs. growth may be the catalyst that helps keep the economic expansion going: Higher wages.

"The fact is that protectionist measures are not only hurting growth and jobs. expectations. lpl financial on the S&P 500’s weekly losing streak: "The S&P 500 Index has closed lower four.

Another expert agreed the housing market expected a surge in job growth, but said even the increase of 261,000 jobs fell short of expectations. "The October jobs report was modestly positive, on.

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However, another expert disagreed with NAR, saying that while a jump in wages is welcome, it is not the key statistic. “Though the bump in wages is welcome news, the lack of growth in construction.

The economy created 313,000 jobs in February, official figures show, far in excess of analysts’ expectations. However, the unemployment rate remained at 4.1%, while the annual earnings growth rate slowed to 2.6% last month.