U.S. Adds 165,000 Jobs in October as Labor Market Shows Resilience
The United States added 165,000 jobs in October, exceeding economists’ expectations, while the unemployment rate edged down to 4.1%, according to the Bureau of Labor Statistics.The United States added 165,000 jobs in October, according to data released by the Bureau of Labor Statistics. The gain exceeded economists’ expectations, while the unemployment rate edged down to 4.1%. The figures came as the labor market was described as being in a “low-hire, low-fire” period, with sluggish hiring but few layoffs. The report also noted expectations of an interest-rate increase in December.
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