Labour
The Real News Network Donate Posted in Columns Economy Adds 250,000 Jobs in October, Employment Rate Hits Recovery High by Dean Baker November 2, 2018 Get fearless, uncompromising truth in your inbox. Subscribe to The Real News. Sign up Please enter a valid email address By Dean Baker / CEPR . The rate of job growth in the first 21 months of the Trump administration is somewhat below the median for recent presidential terms. The Bureau of Labor Statistics reported the economy added 250,000 jobs in October as the employment rate or Employment-to-Population Ratio (referred to as EPOP, or the percentage of adults with jobs) rose 0.2 percentage points to 60.6 percent, a new high for the recovery. The strong October job growth was largely a bounce back from a hurricane-weakened September number of 118,000 (revised down from 134,000). The three-month average is 218,000, roughly in line with growth over the last four years. var divElement = document.getElementById(‘vi...