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Archive for November, 2018

Big October U.S. Jobs Gain Has Fed Interest Rate Implications; Meanwhile, Canada Quiet on the Jobs Front

Friday, November 2nd, 2018

According to the latest Employment Situation report from the Bureau of Labor Statistics (BLS), the total number of jobs in the U.S. in October rose by 250,000, an outstanding gain.

Big October U.S. Jobs Gain Graphic

Because the participation increased slightly, from 62.7% in September to 62.9% in October (i.e., more people re-entered the work force), the unemployment rate stayed the same as the month before, at 3.7%.

What’s important to remember, though, is that a 3.7% American jobless figure is a 50-year low.

According to the latest Labour Force Survey results published by Statistics Canada, total employment north of the border in October bobbed up by a relatively anemic 11,000 jobs.

(more…)

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