"Last: 271k, WBC f/c: 210k Dec 5 unemployment rate, Last: 5.0%, WBC f/c: 5.0%
After two soft months, nonfarm payrolls growth accelerated sharply in October, with 271k jobs created. Revisions to the prior two months added a further 12k.
Adding yet more positive sentiment, the household survey reported that the unemployment rate declined to 5.0%, its lowest level since early 2008.
Come November, we expect another robust jobs print, circa 210k. Employment growth will surely slow back towards a pace more in line with population growth and participation; but momentum typically takes time to dissipate. Being broadly in line with FOMC estimates of full employment, we expect the unemployment rate to remain unchanged at 5.0%."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.