The American economy is showing renewed signs of life, with employers hiring workers in greater numbers than they have in months. The Labor Department reported Friday that payrolls in October jumped by 531,000, the best showing since July. The gains were reflected in a broad variety of fields, led by restaurants and bars, as well as factories, offices and warehouses. The improvements followed a late-summer lull caused by the latest coronavirus surge and by supply chain problems that have delayed shipments, hampered manufacturers and left gaps on supermarket shelves. Business leaders and economists said October’s data pointed to faster growth in the final months of the year, especially with shoppers feeling bullish as the holiday season approaches.

Source: New York Times November 06, 2021 04:51 UTC