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DE | Flash | Anytime | Jobs: +531K; 4.6% Unemployment Rate; Strong Month for Labor Market – 11/05/21
Nonfarm Payrolls rose 531K in October (DE 485K, Consensus 450K) following a revised 312K gain in September (originally 194K). The Unemployment Rate decreased to 4.6% (DE and Consensus 4.7%) from 4.8%.
The Labor Force Participation Rate (LFPR) remained at 61.6% with a 104K increase in the Labor Force. The Employment-Population Ratio rose to 58.8% from 58.7%.