With the pace of quitters, “employers are basically having to replace their entire staff in just a couple of months."
U.S. companies hired 307,000 employees last month, missing the 475,000 employees that economists expected.
A closely-watched survey found small business optimism over the economy rebounded last month after a record plunge in March.
The data suggest “the labor market remains strong even as employers are becoming more cautious about hiring workers.”
The unexpectedly large gain suggests employers "have not let up one bit on their hiring in response to risks out there in the world economy."
The October jobs report is "another reminder of the labor market’s persistent strength even as the stock market has swerved down in recent weeks."
Solar industry jobs fell 3.8% last year, with 71% of companies reporting that a trade dispute over imported panels negatively impacted them.
A New York Fed survey finds the average full-time offer wage received declined from $58,880 to $49,250 between March and July.
Another month of robust employment growth suggests "the U.S. economy is still growing at a strong pace."
When a company is put up for sale, it creates a uniquely challenging situation for CFOs and other senior executives.
Manufacturing is "benefiting from continued consumer demand, a turnaround in energy production, and an end to the strengthening of the U.S. dollar.”
“Raising rates [this] week is as close to a certainty as you ever get in this business," an investment strategist says.
