US economy added 531,000 jobs in October, exceeding expectations

US hiring rebounded in October, with 531,000 jobs added

America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July.

Nation adds 531,000 jobs in October

By Harry Wilmerding Daily Caller News FoundationThe U.S. economy recorded an increase of 531,000 jobs in October, and unemployment fell by 0.2% as the labor market recovers from the summer lows, according to the U.S. Bureau of Labor Statistics (BLS).The number of unemployed people fell to 7.4 million, down from 7.7 million in September, according to the Department of Labor Statistics report released Friday. Economists surveyed by Dow Jones proje…

US Employers Shrugged Off Virus and Stepped Up Hiring

Friday’s report from the Labor Department also showed that the unemployment rate fell to 4.6% last month from 4.8% in September. That is a comparatively low level though still well above the pre-pandemic jobless rate of 3.5%.

US Economy Adds 531,000 Jobs in October

The U.S. economy created 531,000 jobs in October, more than the 450,000 economists had forecast, according to the U.S. Department of Labor. The unemployment rate also dropped slightly from 4.8% to 4.6%, the lowest since the pandemic hit. The unemployment rate in February of 2020 was 3.5%, an historic low. Jobs numbers for August and September were also revised upward. Celebrating the better-than-expected report, President Joe Biden called it "an…

US employers shrugged off virus and stepped up hiring

By CHRISTOPHER RUGABERWASHINGTON (AP) — America’s employers boosted their hiring last month, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown.Friday’s report from the Labor Department also showed that the unemployment rate fell to 4.6% last month from 4.8% in September. That is a comparatively low level though still well above the pre-pandemic jobless…

U.S. employers shrugged off virus and stepped up hiring: 531,000 jobs added in October

America’s employers stepped up their hiring last month, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown.Friday’s report from the Labor Department also showed that the unemployment rate fell to 4.6% last month from 4.8% in September. That is a comparatively low level though still well above the pre-pandemic jobless rate of 3.5%. And the report showed …