The October jobs figures released today by the BLS showed a stronger U.S. labor market. The unemployment rate edged up by 0.08 percentage points, just enough to raise the headline rate from 7.8 to 7.9 percent. However, a look at the underlying data showed that the uptick in the headline rate was a “good” increase of the kind that we often see as previously discouraged workers return to a strengthening labor market.
The labor force increased by 578,000 workers in October. The number
of employed persons, as measured by the household survey from which
these data come, increased by 410,000.>>>Read more
Follow this link to view or download a classroom-ready slideshow with charts of the latest jobs data