After the shutdown, employment is better than expected in the United States

 

It was expected that the U.S. employment figures for October record the consequences of shutdown that crippled the federal government from 1 to 16 October. But it is not. Unemployment rose slightly, but job creation is much higher expectations.

In October, U.S. companies have created 240,000 jobs. This is much more than the 125 000 new planned by analysts, and the numbers of jobs created in August and September have even been revised upwards.

While the unemployment rate rose from 7.2 to 7.3% of the labor force, but the consequences of the shutdown, the budget lock 15 days in early October, are hardly sensitive. Except that the publication of these figures has been a week late.

19,000 jobs in the industry

But blocking the federal level has not deterred entrepreneurs who have clearly seen as temporary and job creation in October far exceeded the average of the last 12 months.

The industry has even created 19,000 jobs, its best performance since February. In contrast, U.S. households do not seem to see this positive trend in the labor market. Their morale is still down for the fourth consecutive month and the fiscal crisis has more impact on them than on entrepreneurs.

After the shutdown, employment is better than expected in the United States