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October’s Unemployment forecasts

Even with the Government shutdown last month, October was better month for new hires.

In Bloomberg’s article –  Payrolls Beat Forecasts as U.S. Weathers Shutdown: Economy, it talks about employers were still hiring despite the government shutdown.

October's unemployment Forecast

 “The government shutdown really didn’t have a material impact on employment,” said Brian Jones, senior U.S. economist at Societe Generale in New York, whose forecast for a payroll gain of 175,000 was the highest in the Bloomberg survey. “The labor market is actually quite healthy, regardless of what people may think. The economy is doing better.”

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