U.S. Adds 165,000 Jobs in October as Labor Market Shows Resilience
The U.S. added 165,000 jobs in October and its unemployment rate edged down to 4.1%, according to the Bureau of Labor Statistics.The U.S. added 165,000 jobs in October, exceeding economists’ expectations amid economic uncertainty, inflation and the ongoing war in the Middle East. The Bureau of Labor Statistics reported that unemployment edged down to 4.1%. Economists have described the labor market as “low-hire, low-fire,” with sluggish job growth but relatively few layoffs; the report comes as an interest-rate hike is expected in December.
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