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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Unemployment in the US in October fell better than forecast

November, 05 2021
watermark Economic news

According to the US Department of Labor, unemployment in the country fell to 4.6% in October (from 4.8% in September), and the number of people employed in non-agricultural sectors of the economy increased by 531 thousand. Hourly wages in October rose by 0.4 % in monthly terms and amounted to $30.96, and in annual terms – by 4.9%.


Analysts predicted a decrease in unemployment to 4.7% and an increase in the number of people employed in the non-agricultural sector by 450 thousand.


The Ministry of Labor also raised its estimate of the growth in the number of new jobs in the non-agricultural sector in September – from 194 thousand to 312 thousand.


Recall, in connection with the coronavirus pandemic, unemployment in the United States in April 2020 jumped to 14.8% from 4.4% in March and updated the maximum since 1940.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.