Applicants wait to meet potential employers at a Manhattan job fair in New York City.
Applicants wait to meet potential employers at a Manhattan job fair in New York City. - 
Listen To The Story

The latest jobs report defied expectations this morning: payrolls grew by 204,000 people in October, contrary to the 120,000-figure forecasted by surveyed economists. Does this mean the labor markets emerged from the government shutdown unscathed?

Julia Coronado, chief economist at BNP Paribas, warns that while the Bureau of Labor Statistics report indicates strength, we should keep in mind that the government shutdown seriously disrupted data collection.

“I think we need to get a couple more months of data under our belts before we draw conclusions about what the trends are,” she says.

Plus, looking at the parallel survey of households, the unemployment rate climbed from 7.2 to 7.3 percent. And participation fell, which Coronado notes is usually a negative sign. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.