The Job numbers are in. 638,000 Jobs created. The Labor Department is scheduled to release the October jobs report before the bell. Job growth was expected to total 530,000 in October, and the unemployment rate is expected to fall to 7.7%, according to Dow Jones. Boy were they wrong.
638,000 jobs were created vs 200-575 K expected. unemployment dropped to 6.9%. 12 million new jobs created since the Pandemic.
