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Job growth was really driven by local government hiring and health care, so two not very cyclically sensitive sectors. However, I think when you dig into the numbers a little bit, it actually shows a decent amount of softening in labor market activity. So we had 150,000 job gain last month, which was pretty close to expectations. Do you want to highlight some key numbers from the report and your observations of the state of the labor market at the moment?

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So, Mike, we’re going to start where we always start, which is high level. Economist, to talk about the October jobs report. I’m joined today by Michael Feroli, our Chief U.S. My name is Sam Azzarello, and I lead Content Strategy for Global Research here at J.P. Morgan. SAM AZZARELLO: Welcome to Research Recap. Please enter a valid search, no special characters allowed.

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