The labor market bounced back in October with the economy adding 531,000 new positions, the upper end of the range of estimates, and revisions to the two previous months added an additional 235,000 than previously reported.
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The labor market has a little spring in its step. After a slow start to the year, the economy added 916,000 jobs in March and the unemployment rate dropped to 6 percent from 6.2 percent for the right reasons.
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