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Days before the election, mixed US economic news


economy

Days before the election, mixed US economic news

There was modest improvement in the US labour market as companies added jobs in October at the fastest pace in eight months.

Private employers took on 158,000 workers last month according to payrolls processor Automatic Data
Processing.

The statistics are being closely watched just days before a presidential election that hinges on the state of the economy.

There were mixed signals regarding US manufacturing and business investment sank in the third quarter, a sign that companies lack confidence in the strength of the economic recovery.

However US consumers have been spending more freely while home construction is picking up

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