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Employment Comments: Another Decent Report

The headline jobs number was decent. Private sector job growth was solidly above the consensus forecast (167,000 vs forecast of 144,000), however public employment declined by 11,000. Even though the unemployment rate ticked up to 5.0%, both the participation rate and employment-population ratio also increased. And wage growth is increasing (slowly).Earlier: September Employment Report: 156,000 Jobs, 5.
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