Subject: BREAKING NEWS: Economy created 161,000 jobs in October
From: "POLITICO" <[email-masked]>
To: <[email-masked]>
Date: Fri, 04 Nov 2016 06:40:01 -0600
List-Id: <1376319_6016077.xt.local>

The final pre-election jobs report showed the economy added 161,000 jobs in October, the Labor Department reported Friday, down from 191,000 in September. 

The October jobs report was in line with that of previous months and is not likely to sway the election toward Hillary Clinton or Donald Trump.

Unemployment was 4.9 percent, down from September's 5 percent.

Analysts surveyed by Bloomberg had predicted the creation of about 178,000 jobs, an unemployment rate of 4.9 percent and an increase in hourly earnings of 0.3 percent. The payroll company ADP estimated Wednesday based on its own records that October job growth in the private sector was 147,000. 

The jobs report followed news from the Commerce Department last week that Gross Domestic Product increased 2.9 percent during the third quarter of 2016, according to an advance estimate. That's well above the second quarter of 2016's 1.4 percent and the first quarter of 2016's 0.8 percent. The Commerce Department's second cut at estimating third quarter growth for 2016 will be released November 29. 

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