October Non-Farm Payrolls: Where's the wages growth

David Scutt

Scutt Partners

October Non-Farm Payrolls: Where's the wages growth? US non-farm payrolls growth undershot lofty expectations in October with an increase of 214k reported. The reading was below the upwardly-revised 256k pace of September and expectations for a gain of 235k and was the second-lowest increase of the past 6 months. Despite the miss on payrolls growth and an uptick in participation to 62.8%, the national unemployment rate fell to 5.8% from 5.9%, a level last seen in July 2008. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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