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Economists hail ‘October surprise’ as US jobs growth beats expectations

From marketwatch.com

Economists lauded Friday’s employment report as the U.S. added 128,000 new jobs, handily beating expectations of a lower number affected by a strike at General Motors GM, +1.38%. • Daniel Zhao of Glassdoor described it as a “nice October surprise” and an overall positive report. • Sal Guatieri of BMO Capital Markets said U.S. companies’ picking up the pace of hiring suggested “the worst might be over for the economic slowdown, while the Fed’s pivot toward pausing might be appropriate.” • The president of the Minneapolis Fed weighed in with a one-sentence tweet after the report. • Aaron Sojourner of the University of ... (full story)

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