US Job Growth Surged in October, Unemployment Rate Fell

US job growth surged in October and the unemployment rate edged lower, a sign of labor-market strength in an expanding economy. Nonfarm payrolls increased 165,000 last month, topping all forecasts, after an upward revision to the prior two months. Claudia Sahm, Chief Economist at New Century Advisors, reacts to the report. (Source: Bloomberg)