employment report showed the unemployment rate held steady in October at 3.9%, a 30-year low, but growth in new jobs is slowing. Hourly wages increased a bit more than expected.
The report is the single best measure of the health of the economy since it contains information about both job and wage growth.
On average, economists interviewed before the data's release expected the October jobs report to show that economic growth is continuing to slow.
Nonfarm payrolls for October. Source:
Labor Department. Actual: +137,000. Forecast: +184,000. Previous: +252,000.
Average hourly earnings for October. Source:
Labor Department. Actual: +0.4%. Forecast: +0.3%. Previous: +0.2%.
Uemployment rate for October. Source:
Labor Department. Actual: 3.9%. Forecast: 4.0%. Previous: 3.9%.
Elizabeth Roy Stanton took a look at what the report will say about the economy.
Forecasts are from
. For a longer-term economic calendar and more, see