U.S. ECONOMY ADDED 638,000 JOBS IN OCTOBER

Highlights

• Despite rise in the coronavirus cases, the US labor market managed to add 638,000 jobs in the month of October beating forecasts

• Meanwhile the U.S. unemployment rate went down to 6.9 percent from 7.9 percent and currently stands at roughly half of the 14.7 percent peak witnessed at the economic trough of the COVID-19

• As per the report, October was the sixth consecutive month of job ....