Underemployment Was Weak Spot in October U.S. Jobs Report -- Market Talk

1132 ET - A weak spot in the otherwise upbeat October jobs report was the increase in the underemployment rate, Fifth Third Commercial Bank's Bill Adams says in a note. Most of last month's increase in employment in the household survey went into part-time work, the economist says. Things looked good otherwise: employment figures for the past three months were better than expected and earnings growth was slightly better than anticipated, though it likely still lagged the October inflation figures that are due out later this month, Adams says. "On the whole, the economy is registering healthy job growth and low unemployment, albeit unevenly distributed across industries and occupations," he says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

November 06, 2026 11:33 ET (16:33 GMT)