The Unemployment Rate Fell To 6.9% In October, Nearly A Full Point Lower Than Economists Expected, Even As More Than 700,000 Americans Flooded Off The Sidelines And Back Into The Labor Market
THE UNEMPLOYMENT RATE “FELL SHARPLY” FOR ALL THE RIGHT REASONS AS THE TRUMP RECOVERY SURGED ONWARD IN OCTOBER
Economists surveyed by Dow Jones had predicted the unemployment would remain well above that at 7.7%.
Unemployment rates for minority Americans also declined significantly:
The unemployment rate for African Americans declined 1.3% to 10.8%.
The unemployment rate for Hispanic Americans declined 1.5% to 8.8%
The unemployment rate for Asian Americans declined 1.3% to 7.6%