Business · Economy · 54 mins ago
US economy adds 165,000 jobs in October
The US economy added 165,000 jobs in October, according to the jobs figure discussed by economist Heather Long.
The total was stronger than expected.
The figure counts jobs added across the US economy during the month.
It offers a snapshot of hiring activity in the country.
The information provided does not give details about which industries added jobs or what the figure means for unemployment.
No next steps or policy changes are described.
The US economy added 165,000 jobs in October, exceeding market expectations.
The US Department of Labor reported that hiring gains were driven mainly by services, logistics and healthcare.
The unemployment rate fell to 4.1% from 4.2% in the previous month.
About 7.1 million Americans remained unemployed.
Analysts had expected an increase of 65,000 jobs, according to Axios.
- Who
- US employers added jobs, according to the US Department of Labor.
- What
- The economy added 165,000 jobs in October, and the unemployment rate fell to 4.1%.
- When
- October; the Labor Department reported the figures on November 6.
- Where
- United States.
- Why
- Hiring gains were driven mainly by the service sector, logistics and healthcare.
This story does not have two clearly opposing sides.
US employers added 165,000 jobs, with gains mainly in services, logistics and healthcare.
The US Department of Labor reported the October figures.
- Jobs added
- 165,000 in October
- Unemployment rate
- 4.1%, down from 4.2% in the previous month
- Unemployed Americans
- Approximately 7.1 million
- Expected job growth
- 65,000 jobs, according to Axios