This Week In The Economy: US Jobs Growth Slows Down, Federal Reserve On Hold, Pessimistic US Consumer, Eurozone Inflation Eases, Global Central Banks Roundup

Welcome to a regular snapshot review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

U.S. Job Growth Slowed Down In October, Unemployment Ticks Up

The U.S. economy added just 150,000 jobs in October, a marked drop-off from the previous two months, the unemployment rate increased to 3.9%, and the labor force participation rate experienced a slight decline.

The Bureau of Labor Statistics reported that the change in total nonfarm payroll employment for August was revised down by 62,000, from +227,000 to +165,000, and the change for September was revised down by 39,000, from +336,000 to +297,000. With these revisions…