Shaking off fears about weakness in housing and credit, the U.S. economy created 166,000 net jobs in October, the best job growth since May, the Labor Department reported Friday.
… However, a separate survey of 60,000 households showed a loss of 250,000 workers, the third decline in the past four months. Economists say the payroll survey is more accurate, while acknowledging that it may not work as well when the economy is at a turning point.
We have to wait a month to know more… But the last two month’s reports were revised down:
Payroll growth in August and September was revised down by a total of 10,000. The economy created 96,000 jobs in September.