U.S. Job Growth Reaches 165,000 in October as Unemployment Rate Edges Down
The United States added 165,000 jobs in October and its unemployment rate fell slightly to 4.1%, according to the Bureau of Labor Statistics, exceeding economists’ expectations amid economic uncertainty.The United States added 165,000 jobs in October, according to data released by the Bureau of Labor Statistics. The unemployment rate edged down to 4.1%. The figures exceeded economists’ expectations and came as the labor market was described as showing sluggish hiring but few layoffs. The data was reported amid economic uncertainty, inflation and the ongoing war in the Middle East.
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