US sees surprise dip in unemployment rate to 6.9% in October
US sees surprise dip in unemployment rate to 6.9% in October

Washington (AFP) – The US unemployment rate unexpectedly dropped to 6.9 percent in October, a decline of a full point ahead of the presidential election, though the economy is far from healed and rising coronavirus cases could undo the progress.The decrease came as the economy regained 638,000 jobs last month, according to a Labor Department report released Friday, far more than analysts had been expecting as hard-hit sectors continued hiring despite Congress’s failure to pass another spending package to aid the recovery.The downturn caused by the coronavirus pandemic was considered one of the…

Read More

HEDGE accordingly