U.S. Adds 165,000 Jobs in October as Labor Market Shows Resilience
The U.S. added 165,000 jobs in October and unemployment edged down to 4.1%, according to data from the Bureau of Labor Statistics.The United States added 165,000 jobs in October, according to new Bureau of Labor Statistics data. The unemployment rate declined slightly to 4.1%. The report described a labor market characterized by sluggish hiring and limited layoffs, while the supplied account said economists had expected weaker job growth and that an interest-rate increase was expected in December.
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