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The number, coming before the coronavirus outbreak intensified, crushed expectations.
Smoothing over predictable seasonable ups and downs in unemployment can reveal underlying economic trends.
Jobs that involve caregiving are dominated by women. They also pay less.
Lorraine Woellert of Politico predicts that the change will increase market volatility following some government reports.
When unemployment is low, wages typically shoot up. But wages are growing more slowly than they did 20 years ago.
Recession worries were prominent several months ago, but the latest jobs report suggests those risks are fading.
The government’s benchmark revisions showed 500,000 fewer jobs were created in 2018 and early 2019 than initially thought.
The Labor Department’s October jobs report is expected to show a sharp slowing in job creation in a still-tight labor market.
Don’t expect much from the Labor Department’s monthly numbers, analysts say.
Average hourly earnings were unchanged in September, and the annual growth rate fell 0.3% from the previous month.