U.S. Adds 261,000 Jobs in October, Jobless Rate 4.1%

U.S. Adds 261,000 Jobs in October, Jobless Rate 4.1%

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In October, 261,000 jobs were created, with 252,000 in the private sector. September's job losses were revised to a gain of 18,000, and August saw an upward revision of 39,000 jobs. Unemployment fell to 4.1%, the lowest since December 2000, but 764,000 people left the labor force. Average hourly earnings remained unchanged, reducing the annual average to 2.4%. The EU 6 unemployment rate dropped to 7.9%, the lowest since December 2006. Despite a hurricane snapback, the economic recovery was less impressive than expected.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the change in average hourly earnings in October?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the term 'hurricane snapback' refer to in the context of job creation?

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