U.S. Adds 165,000 Jobs 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%, exceeding economists’ expectations despite economic uncertainty.The United States added 165,000 jobs to the economy in October, according to data from 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 “low-hire, low-fire,” with sluggish job growth but few layoffs. The data also arrives amid inflation and the ongoing war in the Middle East.
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