US payrolls increased by 150,000 in October, less than expected
Nonfarm payrolls increased by 150,000 for the month, compared to the consensus forecast for an increase of 170,000. This is a sharp decline from September’s gain of 297,000. The unemployment rate rose to 3.9%, its highest level since January 2022, against a backdrop of falling household employment. From a sector perspective, healthcare leads with 58,000 …