The numbers: The U.S. created 128,000 new jobs in October and hiring was stronger at the end of summer than previously reported, suggesting the economy is still holding up better than expected despite trade turbulence and a slowdown in global growth.
The increase in hiring last month easily topped the 75,000 forecast of economists surveyed by MarketWatch. Wall Street had expected a six-week GM GM, +1.11% strike to result in a much smaller increase in employment last month.
The government said the dispute put almost 50,000 people out of work, not including workers at parts suppliers not directly involved.
Employment might have grown by close to 200,000 last month absent the GM strike and the end of 20,000 temporary Census jobs. That would have