November 4, 2016


U.S. economy creates 161,000 jobs in October; wages get big boost (Don Lee, 11/04/16, LA Times)

The addition of 161,000 jobs, which is about double the number needed to absorb the growing population and new entrants to the labor force, came after upwardly revised gains of 191,000 jobs in September and 176,000 in August.    

So far this year, the economy has added 181,000 jobs a month on average, down from 229,000 in 2015. A slowdown was expected given that this is the seventh year of continuous job expansion and that employers are having more difficulty finding workers as the economy approaches full employment.

Atlanta Fed upgrades U.S. fourth-quarter GDP view to 3.1 percent (Reuters, 11/04/16)

The U.S. economy is on track to grow at a 3.1 percent annualized pace in the fourth quarter due to expected stronger consumer spending and equipment investments as well as a smaller trade gap, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday.

Posted by at November 4, 2016 12:39 PM