Hiring Rebounded in October, Unemployment Rate Fell to 4.1%

Hiring Rebounded in October, Unemployment Rate Fell to 4.1%

October was a good month for the U.S economy as the unemployment rate fell to its lowest point in 17 years.  The economy has been riding an intense wave of economic growth, and these numbers go to prove that the labor market is healthy and is projected to keep an upward trend.  The positive effects of a tighter labor market could increase wages across the board and stoke consumer inflation. The U.S economy is looking strong and shows no signs of slowing down.

 

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