The American economy added 531,000 jobs in October, the Labor Department said Friday , a sharp rebound from the previous month and a sign that employers are feeling more optimistic as the latest coronavirus surge eases. Economists polled by Bloomberg had been looking for a gain of 450,000 jobs. The unemployment rate declined to 4.6 percent, from 4.8 percent. The October gain was an improvement from the 312,000 positions added in September — a number that was revised upward on Friday, along with the August figure, providing a more upbeat picture of the last few months. The increase in employment was broad, with sizable gains at restaurants and bars, as well as in factories and offices. And in another sign that conditions are gradually returning to normal, the proportion of employed people who worked remotely at some point last month fell to 11.6 percent from 13.2 percent. “This was […]

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