Jolly Jobs

Following a weak September in which job creation totaled a mere 118,000, October’s 250,000 was a pleasant surprise. Job growth over the last three months has averaged a robust 218,000. Moreover, every sector gained employment. Better yet, the unemployment rate held steady at 3.7% as the labor force participation rate rose from 62.7% to 62.9%. For workers aged 25-54 it rose to 82.3%, its best level since May 2010!