The unemployment rate fell to a minimum

Unemployment in the US in October fell to 5 percent. Infographics: Daily Forum

In October, a thousand additional jobs were created in the USA. This affected the unemployment rate, which reached a seven-year low of five percent.

The October employment report suggests that the slowdown in job creation by the end of the summer was temporary, and this increases the chances of a rate hike by the Federal Reserve until the end of the 2015 year.

According to the report, health care added 45 jobs, services added 78 and construction added 31.

Signs of life showed a rise in wages. The average salary increased by 2,9 percent, which is the best indicator since 2009.

The situation has improved in the field of employment. So, people who worked part-time, were able to go full time. During the economic downturn, the number of workers who had to forcibly move to part-time jobs reached nine million. Now this number has decreased to six million.

“The labor market is showing stability. Literally all indicators are good. The likelihood of a rate hike in December is now very high,” said Michael Feroli, chief economist at JPMorgan Chase & Co.

Previously "Forum" in detail described how and where to look for work in the USA, told real stories of people.