The trend of employment growth in the United States has significantly improved

The monthly non-farm payroll data in the United States is quite volatile, and economists remind us not to overinterpret a single month's report. However, the employment data for October performed strongly, with data from previous months revised upward, indicating that the recent trend in job growth has significantly improved.

Over the past three months, employers added an average of 137,000 jobs per month, while the average for the previous three months was only 51,000 jobs.