Rates are down today—regaining some of yesterday’s rise and ending the week near record lows—after this morning’s BLS report showed the economy added 80k non-farm payrolls in October. Plus September was revised from 103,000 to 158,000 new jobs created and August was revised from 57,000 to 104,000. This figure doesn’t count actual people, it counts how many companies opened or closed, then uses that data to estimate the number of jobs gained or lost.
Unemployment dropped 9% from 9.1% according to a different part of the jobs report called the ‘Household Survey’ which counts people. More in WeeklyBasis recap tomorrow. Jobs charts below.