United States: particularly solid job creation!

(Boursier.com) — Today’s figures for the US job market should not temper the Fed’s enthusiasm. Indeed, the creation of non-agricultural jobs for the month of October came out well above the expectations of local economists, at 261,000, against a FactSet consensus of 200,000 and a level of 315,000 a month earlier – revised sharply rise. Job creations in the private sector stood at 233,000 in October, against 200,000 consensus and 319,000 a month earlier. The unemployment rate stood at 3.7%, against 3.6% consensus and 3.5% a month earlier.

Note therefore that the figures for September have been revised upwards. Total job creations have been revised from 263,000 to 315,000. Private creations were readjusted to 319,000 from 288,000.

In October, the labor force participation rate stood at 62.2%, against a consensus of 62.3%. The average hourly wage rose 0.4% compared to the previous month and 4.7% compared to last year, a more pronounced increase than expected.