US employers added 128,000 jobs in October, according to the Bureau of Labor Statistics in its monthly job report.
Meanwhile, the unemployment rate rose slightly to 3.6%, but for good reason: 325,000 Americans started looking for a job.
"With good job earnings and solid wage growth, household incomes are increasing, which will increase consumer spending by the end of 201
Another highlight was from strong revisions to previous data that show an additional 95,000 jobs were added in August and September together.
The unemployment rate of 3.6% remains almost 50 years. In October the labor market participation rate rose to 63.3%, its highest level since August 2013.
"Really, there's nothing to worry about," writes Thomas Simmons, senior money market economist in Jefferies in a note to clients, "Whatever weakness we see here this month (which is not as weak as it is expected to begin) will be added again to November data.
"American companies picked up the pace in October, which suggests the worst may end for the economic slowdown, while the Fed's pause may be appropriate, "says Sal Gutierry, senior and onomist at BMO.  Earlier this week, the Federal Reserve cut interest rates for the third consecutive month in an effort to stimulate the economy. The central bank acknowledges the risks to US growth, but said the economy as a whole is doing well. The Fed also signals that it will keep interest rates down for the time being.