Here’s where the jobs are for October 2022 — in one chart
The health-care and manufacturing sectors added notable gains.
U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong
Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.
Labor costs show slower rise, while trade deficit widens and jobless claims nudge lower
The cost of labor rose less than expected, but low productivity helped keep pressure on inflation in the third quarter.
Private payrolls rose 239,000 in October, better than expected, while wages increased 7.7%, ADP says
Companies added 239,000 positions in October, ahead of the Dow Jones estimate of 195,000, ADP reported Wednesday.
Job openings surged in September despite Fed efforts to cool labor market
Employment openings for the month totaled 10.72 million, well above the FactSet estimate of 9.85 million.
Key inflation gauge for the Fed rose 0.5% in September, in line with expectations
The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.
U.S. consumer spending seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO
Consumers and corporations have strong underlying credit and are not holding back, Brian Moynihan said.
U.S. GDP accelerated at 2.6% pace in Q3, better than expected as growth turns positive
Gross domestic product was expected to grow at a 2.3% annualized pace in the third quarter, according to Dow Jones.
Powell again is facing political pressure as worries mount over the economy
No stranger to political pressure, the Fed chief this week found himself the focus of concern in a letter from Democratic Sen. Sherrod Brown.