BUSINESS

U.S. Economy Still Hot With Jobs

U.S. employment was more resilient than expected in October despite the impact of strike action at General Motors.

Companies added 128,000 new jobs, ahead of a forecast 85,000 rise, during a month when thousands of workers walked out at the carmaker.

The unemployment rate edged up slightly to 3.6% from 3.5% in September, which had been the lowest rate since 1969.

Analysts said the data supported the Federal Reserve’s comments earlier this week that the economy is in good shape.

Nigel Bell, Readers Bureau, Fellow

Edited by Jesus Chan

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