US Adds 165,000 Jobs in October as Labor Market Shows Resilience
The US added 165,000 jobs in October and unemployment edged down to 4.1%, according to the Bureau of Labor Statistics, exceeding economists’ expectations amid economic uncertainty.The US added 165,000 jobs to the economy in October, according to new data from the Bureau of Labor Statistics. The unemployment rate fell slightly to 4.1%. The figures exceeded economists’ expectations as the labor market continued to show sluggish hiring but relatively few layoffs, a pattern described as “low-hire, low-fire.”
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