Nonfarm payrolls came in at 204,000 while the unemployment rate rose to 7.3% in October despite the government shutdown. Moody’s Ben Garber and Wells Fargo Private Bank’s Darrell Cronk analyse the shocking surge in payrolls, and the uptick in unemployment. Average hourly earnings rose 0.1%, average work week was 34.4 hours, and the participation rate lowered to 62.8%. TheStreet’s Joe Deaux and Nicole Urken report from New York.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
