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The U.S. Labor Department released the labour market data today. The U.S. economy added 214,000 jobs in October, missing expectations for a rise of 229,000 jobs, after a gain of 256,000 jobs in September. September's figure was revised up from a rise of 248,000 jobs.
The U.S. unemployment rate declined to 5.8% in October from 5.9% in September. Analysts had expected the unemployment rate to remain unchanged.
Average hourly earnings climbed 0.1% in October, missing forecasts of a 0.2% gain, after the flat reading in September.
The labour-force participation rate was up to 62.8% in October from 62.7% in September. The rate remained near the lowest level since the late 1970s.
These figures are signs that the labour market in the U.S. is strengthening.
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