The numbers: A strong job market largely accounted for the acceleration in a broad measure of the U.S. economy from the Chicago Federal Reserve in October.
The Chicago Fed’s index of national economic activity registered at a positive 0.24 last month, up from positive 0.14 in September.
The volatile nature of the monthly reading puts added emphasis on following the index’s less-volatile, three-month moving average. It ticked up to positive 0.31 in October from positive 0.30 in September.
