Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Unemployment in the US in October fell to 6.9%


November, 06 2020
watermark Economic news

According to the US Department of Labor, the number of jobs in the economy in October increased by 638 thousand. Unemployment fell to 6.9% compared to 7.9% in September. Analysts on average predicted an increase in the first indicator by 530 thousand and a fall in the second to 7.6%.


Despite the positive data, the increase in the number of jobs in October was the smallest in the last six months. In September, the figure increased by 672 thousand.


Experts note that the American labor market continues to recover from the coronavirus crisis, although the pace of employment growth is slowing. In April, unemployment jumped to 15%, having almost halved in October. However, it is still far from the pre-crisis level of 3.5%.


At the moment, the American labor market has returned more than half of the jobs (12 million out of 22 million) lost in March and April as a result of quarantine measures.


Average hourly wages in the United States in October increased by 4 cents (0.1%) compared to the previous month – to $ 29.5. Compared to October 2019, it grew by 4.5%.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.