This is how our Signals look just minutes after the crucial U.S jobs report. As you can see in the picture below, 9/10 of our Signals were correct by the time the announcement was out.
The report was huge for the U.S economy, Here are the big numbers:
- US economy added 271,000 jobs in October, and the unemployment rate dropped to 5%. That unemployment rate is now at the lowest level since April 2008, and economists consider a 5% rate to indicate full employment.
Average hourly earnings grew 0.4% month-on-month, better than forecast. The report had been expected to lift the pace of jobs growth from the unexpected slump we saw over the last two months.
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