U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

[progree]

6. Ugh, and Labor Force DROPPED 22,000, Employed (Household Survey) dropped 328,000

Labor Force Participation Rate dropped 0.1%, Unemployed increased by 306,000.

Usually when the unemployment rate rises unexpectedly it's because a lot of people joined the labor force (started looking for work in the past 4 weeks, thus they are counted in the unemployment rate and labor force stats). But this time unemployment rate rose despite a small exodus (22,000) from the labor force.

Table A (Household Survey Summary) - https://www.bls.gov/news.release/empsit.a.htm

Table B (Establishment Survey Summary) - https://www.bls.gov/news.release/empsit.b.htm

The whole enchilada -- http://www.bls.gov/news.release/pdf/empsit.pdf

I agree with Johnny2X2X it's a good report -- anything less than 4% unemployment rate has long been considered full employment, and the headlines job number increase of 261,000 (Establishment Survey) is a good increase, especially considering Powell trying to hammer that down for most of the year.

Addendum And the payroll job numbers for the previous 2 months (August and September) were revised up by a combined 29,000.