ECONOMICS COMMENTARY
Nov 08, 2013
US employment growth beats expectations, but fails to stop jobless rate rising
US job creation was stronger than expected in October, but unemployment ticked higher. The data will add to the view that the Fed is gearing towards a tapering of its asset purchases, but policymakers will most likely wait for clearer signs that the economy is capable of growing at a faster rate than seen in recent months, hoping to see a pace of economic growth that will eat into unemployment.
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