U.S. Adds 165,000 Jobs in October as Labor Market Shows Resilience
The U.S. added 165,000 jobs in October, exceeding economists’ expectations, while the unemployment rate edged down to 4.1%, according to the Bureau of Labor Statistics.The U.S. economy added 165,000 jobs in October, according to data released by the Bureau of Labor Statistics. The result exceeded economists’ expectations, while the unemployment rate edged down to 4.1%. The figures came as the labor market was described as “low-hire, low-fire,” with sluggish job growth but relatively few layoffs. The report was released amid economic uncertainty, inflation and ongoing war in the Middle East.
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