Our reporters are breaking down the roles numbers.


10:16 a.m.

Ben Casselman

What we’re not seeing is a giant improve in individuals coming off the sidelines, both to search for work or to take jobs. Each elevated in October, however not the form of flood that many employers had been hoping for.

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9:37 a.m.

Talmon Joseph Smith

Amid all this excellent news on jobs day, Black unemployment fee stays caught at 7.9 p.c.

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9:14 a.m.

Ben Casselman

Need a signal that the economic system is edging again towards regular? The share of individuals working from dwelling due to Covid fell to a pandemic low of 11.6% in October. Resumed its decline after stalling out through the Delta wave.

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9:08 a.m.

Talmon Joseph Smith

“For the final 25, possibly 30 years, labor has been on its again heels and dropping its share of the financial pie,”
Mark Zandi, the chief economist at Moody’s Analytics, advised me. “However that dynamic is now shifting.”

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9:03 a.m.

Ben Casselman

Huge image: We’re nonetheless down about 4.2 million jobs relative to our prepandemic degree.

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8:53 a.m.

Ben Casselman

Common earnings up one other 11 cents an hour in October. Up by $1.44 from a 12 months in the past. In leisure and hospitality, particularly, hourly earnings had been up 18 cents in October, up $1.92 over the previous 12 months.

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8:53 a.m.

Neil Irwin

Wow, large optimistic revisions to August and September. Mixed, +235ok jobs for the 2 months.

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8:51 a.m.

Jeanna Smialek

Prime age participation did tick up, however solely barely. Why does this matter? The Fed is unsure about when and the way a lot these figures may get well. It is going to be an enormous query as they fight to determine what “full employment” means as of late.

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8:51 a.m.

Jeanna Smialek

Good jobs numbers general, however the labor pressure participation fee remains to be not making large strikes. “Unchanged at 61.6 p.c in October and has remained inside a slender vary of 61.Four p.c to 61.7 p.c since June 2020.”

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