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US jobs data show broad cooling after run of surprise strength

Unemployment rate rose to 3.9%

Bloomberg NewsbyBloomberg News
November 3, 2023
in Risk Management
Reading Time: 4 mins read
0

US job growth slowed by more than expected and the unemployment rate rose to an almost two-year high of 3.9%, indicating that employers’ strong demand for workers is beginning to cool. Nonfarm payrolls increased 150,000 in October following downward revisions to the prior two months, a Bureau of Labor Statistics report showed Friday. Monthly wage […]

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Tags: PremiumU.S. Bureau of Labor Statisticsunemployment
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