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QVMS - Rebounds In U.S. Payrolls Industrial Output Are Unusually Strong
Invesco S&P SmallCap 600 QVM Multi-factor ETF
October data for the labor market and the industrial sector continue to paint a bright profile of recovery in absolute and relative terms vs. previous economic expansions.
The good news is that the labor market is still rebounding at the strongest pace relative to previous US expansions since 1970.
Nonfarm payrolls rose 531,000 in October, well above expectations. The gain marks the tenth straight monthly advance.