The New Paper

November 6, 2020

US economy adds 638k jobs in October

The US economy added 638k jobs in October and the unemployment rate fell from 7.9% to 6.9%. The October tally came in ahead of economist expectations of 600k. Total nonfarm payrolls (i.e. jobs in the US economy) remain down 7% (or 10M) from pre-coronavirus levels in February.

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