US Jobs Growth Reaches 261,000 As Economy Rebounds From Hurricanes Harvey And Irma

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The U.S. economy added 261,000 jobs in October, meeting expectations that the country had rebounded from damage wrought by Hurricanes Harvey and Irma, and the jobless rate ticked down to 4.1 percent – the lowest level since 2000.

 

Employment at fast food joints, restaurants and bars spiked in October by 89,000 after September’s steep drop of 98,000. Professional and business positions climbed by 50,000 last month, which kept in line with average monthly increases over the last year, and manufacturing jobs surged by 24,000 in October, driven by hiring in computer and electronic fields and chemical plants.

Health care, which continues to be one of the fastest growing employment sectors, shot up by 22,000 jobs.

(c) 2017, The Washington Post · Danielle Paquette

{Matzav.com}

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