On November 6, 2020 the Bureau of Labor Statistics reported the U.S. economy added 638,000 jobs and unemployment fell to 6.9% in October 2020.
Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported on November 6, 2020. This report exceeded expectations as the United States recovers, including a rise in employment in the leisure and hospitality industries where 271,000 jobs were added.
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Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported on November 6, 2020. This report exceeded expectations as the United States recovers, including a rise in employment in the leisure and hospitality industries where 271,000 jobs were added.