Jobs growth surges in October, but fails to meet experts’ expectations

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NEW YORK (CNNMoney.com) — The government’s monthly labor report threw a curve ball Friday morning as November’s job growth came in far lower than. That marks a major slowdown from October, when.

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Australian jobs growth surges in August. The country’s unemployment rate was unchanged at a seasonally adjusted 5.6% in August, as more people entered the job market. Economists surveyed ahead of the release had expected a steady jobless rate, predicting the economy would add 20,000 jobs in the month.

Total advertised vacancies soared 2.6% in October to 1,162,342 in comparison to 1,132,844 in September, according to the latest UK Job Market Report from Adzuna.co.uk. With Christmas on the horizon, employers are looking to hire an array of temporary jobseekers who can quickly fulfil and adapt to job roles to meet this rise in demand.

US job creation was stronger than expected in October, but unemployment ticked higher. The data will add to the view that the Fed is gearing towards a tapering of its asset purchases, but policymakers will most likely wait for clearer signs that the economy is capable of growing at a faster rate than seen in recent months, hoping to see a pace of economic growth that will eat into unemployment.

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However, this increase was not good enough for experts, who said the employment report was a base hit when they were expecting a home run. Jobs growth surges in October, but fails to meet experts.