US economy smashes expectations to add 271,000 jobs in October
by Jana Kasperkevic in New York from Economics | The Guardian on (#SS94)
- Attention now focuses on Fed for possible December interest rate rise
- Fed chair Yellen said Wednesday: 'I see the US economy performing well'
The US economy added 271,000 jobs in October, about 90,000 more than expected. The unemployment rate dropped to 5%.
Related: US jobs data much stronger than expected, dollar rallies - live
Don't look now, but wage growth is starting to accelerate. pic.twitter.com/cPB1J6ZHLv
Related: Janet Yellen says December interest rate hike is still on the table
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