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U.S. October job growth slows less than expected

From reuters.com

U.S. job growth slowed less than expected in October as the drag from a strike at General Motors (GM.N) was offset by gains elsewhere, while hiring in the prior two months was stronger than previously estimated, offering assurance that consumers would continue to prop up the slowing economy for a while. The Labor Department’s closely watched monthly employment report on Friday came on the heels of data this week showing a further slowdown in economic growth in the third quarter as a trade tensions-induced slump in business investment deepened. The Federal Reserve cut interests rates on Wednesday for the third time ... (full story)

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