U.S. added 165,000 jobs in October; unemployment dips to 4.1%
The Bureau of Labor Statistics reported Friday that U.S. employers added 165,000 jobs in October, beating forecasts, and unemployment fell slightly to 4.1%.
U.S. employers added 165,000 jobs in October, and the unemployment rate dipped to 4.1%, the Bureau of Labor Statistics reported Friday. The figure beat what forecasters expected.
CNBC reports economists had expected nonfarm payrolls to rise by 59,000 and the unemployment rate to hold at 4.2%.
The Guardian says the labor market had been described as "low-hire, low-fire": slow job growth but few layoffs. It says the October data surpassed economists' expectations. The Guardian also reports an interest rate hike is expected in December, and ties the data to ongoing war in the Middle East and inflation.
Outlets differ on how to read the report. CBS News calls it a sign the job market is picking up speed. NBC News says the labor market stayed stable but did not gain momentum.
Reported by
- NBC NewsThe U.S. added 165,000 jobs in October, a bright spot for the economyFri, Nov 6, 8:33 AM EST
- CNBCU.S. economy added 165,000 jobs in October, way more than expected; unemployment rate at 4.1%Fri, Nov 6, 8:34 AM EST
- CBS NewsEmployers added 165,000 jobs in October, soaring past expectationsFri, Nov 6, 8:37 AM EST
- The HillUS economy added 165,000 jobs in October, beating expectationsFri, Nov 6, 8:37 AM EST
- The GuardianUS job growth exceeds expectations in October despite economic uncertaintyFri, Nov 6, 8:42 AM EST
- NPRHiring jumps: The economy added 165,000 jobs last monthFri, Nov 6, 8:49 AM EST
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.
Earlier versions (1)
- Fri, Nov 6, 8:40 AM EST, 2 outlets: U.S. employers added 165,000 jobs in October; unemployment falls to 4.1%