U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate at 4.1%
Hiring beat forecasts by 100,000 jobs, while the unemployment rate slipped from 4.2%, according to the Bureau of Labor Statistics.
- The Bureau of Labor Statistics reported Friday that the economy added 165,000 jobs in October, surpassing the FactSet consensus forecast of 65,000 while the unemployment rate fell to 4.1% from 4.2%.
- Hiring in September was upwardly revised to 60,000 from 29,000, signaling stronger momentum than initially reported and providing reassurance for an economy entering a new political chapter following the Democrats' midterm election sweep.
- Despite robust job gains, households face persistent cost-of-living concerns while employers navigate rapid AI adoption, elevated inflation, and the ongoing war with Iran simultaneously.
- Market sentiment turned negative as The Nasdaq Composite fell below its 200-day moving average for the first time since April, reflecting sharp declines in SP500 and SPX equities that dampened trading activity.
- Currency strength persists at its best level against many G10 pairs since Tuesday's midterm elections, trading within recent ranges and setting session lows ahead of $1.1200 before option expiration.
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313 Articles
Trump's tough job market is leaving terminated workers stranded: report
It’s not enough that Americans are saying the economy is in the doldrums and their paychecks are not keeping up with inflation. It’s also that if the paycheck stops coming, there’s a diminished chance of finding a new one anytime soon.“A disturbing employment trend is hiding beneath the latest strong job numbers,” reports CNBC. “Americans who lose their jobs these days are facing a harsh new problem: It’s getting harder to find another one quick…
U.S. Jobs Surge: 165K Added, Unemployment Drops to 4.1%
The U.S. economy added 165,000 jobs in October and unemployment fell to 4.1 percent, more than double what economists had forecast. Private employers did the heavy lifting. Hiring beat expectations across factories and services, earlier months were revised higher, and more Americans stepped into the labor force. Breitbart reported that economists surveyed by Econoday had […]
US Employment in Strong Growth in October: 165 Thousand New Places Driven by Services and Technology
In October, employment accelerates in the United States, driven by services and health care. The Fed estimates an increase in interest rates.
U.S. Adds 165,000 Jobs in October as Previous Months Get Major Revisions
Average hourly earnings rose 3.1% over the past year as the unemployment rate remained at 4.1%. The post U.S. Adds 165,000 Jobs in October as Previous Months Get Major Revisions first appeared on Le·gal In·sur·rec·tion.
U.S. adds 165,000 jobs as unemployment rate falls to 4.1% | Honolulu Star-Advertiser
WASHINGTON >> U.S. job growth accelerated in October and the unemployment rate fell to 4.1%, suggesting that the labor market could be strengthening after stumbling in mid-summer and keeping the Federal Reserve on track to raise interest rates in December.
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