The Job Market Is Solid

In October 2020, US employers added 638,000 jobs to the market, and the unemployment rate dropped a full percentage point to 6.9%. Economists surveyed by Dow Jones were expecting a payroll gain of 530,000 and an unemployment rate of 7.7%.   The increasing number of jobs and decreasing unemployment rates imply that economic recovery still is taking place. Although the increase was lower […]