US job growth exceeds expectations in October as unemployment rate falls to 4.1%
The US 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 US added 165,000 jobs in October, beating economists’ expectations. The unemployment rate edged down to 4.1%, according to data released by the Bureau of Labor Statistics. The figures came as economists described the labor market as being in a “low-hire, low-fire” state, with sluggish job growth but relatively few layoffs. The data was released amid economic uncertainty, inflation and the ongoing war in the Middle East.
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