Labor Dept Reports 531,000 New Jobs In October

Bloomberg News reports:

The U.S. labor market got back on track last month with a larger-than-forecast payrolls gain, indicating greater progress filling millions of vacancies as the effects of the delta variant faded. Nonfarm payrolls increased 531,000 last month after an upwardly revised 312,000 gain in September, a Labor Department report showed Friday. The unemployment rate fell to 4.6% while the labor force participation rate was unchanged.

Read the full article. Excellent news for Biden as the House prepares to vote on the Build Back Better Act.