U.S. Adds 165,000 Jobs in October as Unemployment Rate Edges Down
The U.S. added 165,000 jobs in October, exceeding economists’ expectations, while the unemployment rate fell slightly to 4.1%, according to the Bureau of Labor Statistics.The U.S. labor market added 165,000 jobs in October, according to data released by the Bureau of Labor Statistics. The increase exceeded economists’ expectations, although analysts described the market as “low-hire, low-fire,” with sluggish hiring and few layoffs. The unemployment rate declined slightly to 4.1%. The figures come amid economic uncertainty, inflation and the ongoing war in the Middle East.
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