If you downloaded the Book "Are We Insane Yet?" by C. Ingraham, RTRP, you would have a heads up on Investment patterns as it relates to the monthly Employment Rate. This is the latest information from Washington DC.
WASHINGTON—Job creation accelerated in October and the prior two months of data were revised up, raising the prospect that the labor market may be strengthening enough for the Federal Reserve to start pulling back its easy-money policies soon.
U.S. payrolls advanced by 204,000 jobs last month, the Labor Department said Friday. That handily topped economists' forecast for an increase of 120,000.
The prior two months were revised up by a total of 60,000. The September gain was revised to 163,000 from an initial estimate of 148,000, and the August payroll improvement was revised to 238,000 from 193,000.
The Labor Department said the private sector added 212,000 jobs in October, the strongest gain since February, suggesting companies shrugged off the government shutdown last month.
Average job creation over the past three months now exceeds a 200,000 pace, matching the strong gains recorded in early in the year.
