U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate at 4.1%
Healthcare, professional services and transportation led gains as employers added 165,000 jobs, while wage growth also picked up, the Labor Department said.
- 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.
414 Articles
414 Articles
October jobs report: Economy adds 165,000 jobs, far above expectations under Trump
WASHINGTON — The U.S. economy added 165,000 jobs in October, more than double economists’ expectations of roughly 65,000, while the unemployment rate edged down to 4.1%, the Bureau of Labor Statistics reported Friday. The strong headline figure, paired with large upward revisions to prior months, marked a clear rebound and pointed to broadening private-sector strength… The post October jobs report: Economy adds 165,000 jobs, far above expectatio…
U.S. Employers Added 165,000 Jobs in October, Exceeding Forecasts After Sluggish 2025
U.S. employers added 165,000 jobs in October, a figure that significantly exceeded the 65,000 forecast by economists polled by FactSet. This surge indicates a recovery in hiring activity following a sluggish 2025, during which the economy added an average of only 10,000 new positions per month. Labor Market Momentum The strength of the labor market was further evidenced by the unemployment rate, which fell to 4.1% in October from 4.2% the previo…
US continues to generate jobs, yet inflation is eroding the spending power of millions of Americans - WXXV News 25
By PAUL WISEMAN WASHINGTON (AP) — U.S. employers created a surprising 165,000 new jobs last month, and the unemployment rate dipped to 4.1%. Hiring was far stronger than the 65,000 new jobs that economists had expected. The jobs report comes three days after voters delivered a stunning defeat to President Donald Trump and his Republican Party in midterm elections. Frustrated...
Hawaii Tribune-Herald
Herald/Review MediaStrong hiring reinforces a sturdy job market
Businesses added workers at a vigorous clip in October, continuing a string of healthy hiring that underscored the job market’s stability even as inflation and concerns about investments in artificial intelligence pressure other aspects of the economy.
October Jobs Report: 165K Jobs Added, Unemployment at 4.1%
The U.S. economy added 165,000 jobs in October and unemployment fell to 4.1 percent, a solid report the White House calls proof President Trump’s pro-growth agenda is working after Democrats flipped Congress. The Bureau of Labor Statistics released the October employment figures Friday morning, well ahead of the 65,000-job gain many analysts had expected. Unemployment […]
Inflation Squeeze And AI Valuation Risks Overshadow A Strong October Payrolls Beat
Despite The Strongest Jobs Reading In Months, Most American Workers Are Falling Behind As Inflation At 3.7% Continues To Outpace Nominal Wage Growth Of Just 3.1%. The October payrolls report delivered a headline figure of 165,000 jobs added, accompanied by monthly wage growth of 0.4%, numbers that RSM Chief Economist Joe Brusuelas called broadly consistent […]
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