shows that while jobs growth has slowed, employers continue to add workers at a robust pace as the labor market defies fears of a recession.: October's jobs gains were above the 205,000 payrolls economists expected. It's a slightly slower pace than theAverage hourly earnings, a proxy for wage growth, rose by 0.4% in October — a bit faster than the prior month, when wages grew 0.3%.
The share of people working or looking for work, known as the labor force participation rate, was 62.2%, a tick below the 62.3% in September.: The Federal Reserve this year has raised interest rates at historically rapid pace in an effort to slow the economy and, in turn, beat back soaring inflation. Many economists warn that the U.S. will soon enter a recession. Still, the labor market has chugged along..
1 good drop in a bucket of full of misery
And here we have the labor participation rate data, destroying the Dem narrative.