US employers created 531,000 jobs in October as the economy continues to recover | US unemployment and employment data

U.S. employers created a solid 531,000 jobs in October as the American economy  -peared to be resisting the effects of the coronavirus and continued its recovery.

The strong number boosts Joe Biden, whose presidency has suffered political setbacks in recent months as it struggled to push through his domestic agenda and suffered a heavy defeat in the race for governor of Virginia.

Employment growth in October surpassed 450,000 new jobs economists had projected from the labor market and allayed fears of slow employment growth after far fewer than expected jobs were created in September.

The rise in jobs was expected after Covid cases and hospitalization rates fell in October.

The rise has led to a further decline in the unemployment rate, which stood at 4.6% in October. The decline in unemployment was mostly seen among white and Hispanic workers, while the unemployment rate for blacks and Asians remained unchanged. The black unemployment rate is 7.9% – over 3% higher than the white unemployment rate of 4.2%.

The October job surge was mainly in the leisure and hospitality industries, which include hotels, entertainment and restaurants. The industry was strengthened by 164,000 jobs in October, the highest number of employees in the industry since the beginning of the pandemic.

Other industries that saw increased growth in October are professional and business services, which include marketing and accounting, manufacturing and transportation, and warehousing.

With these welcome gains in addition to the significant improvements at the start of summer, the recovery  -pears to be back on track. However, there are still significant job deficits, particularly in the leisure and hospitality industry as well as in the private and public education sector. pic.twitter.com/n8CXCESJVf

– Elise Gould (@eliselgould) November 5, 2021

Hourly and weekly wages also rose in October, a continuation of an upward trend seen in recent months, especially as employers had to lure workers to  -ply for jobs in the face of labor shortages.