U.S. Economy Added 271,000 Jobs in October; Unemployment Rate at 5.0%

November 6, 2015 1:33 PM

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U.S. Economy Added 271,000 Jobs in October; Unemployment Rate at 5.0%

The American economy added 271,000 jobs in October, a very strong showing that makes an interest-rate increase by the Federal Reserve much more likely when policy makers meet next month.

The report on hiring and unemployment, released Friday by the Labor Department, was eagerly anticipated on Wall Street, where traders and economists have been sifting each new bit of economic data for any augury of the central bank’s course.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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