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Economy · Washington, D.C., United States · United States of America ·

US adds 165,000 jobs in October; unemployment falls to 4.1%

Reported by 1 outlet · under-reported · first reported Nov 6, 11:06 AM ET

The US economy added 165,000 jobs in October. Economists expected 59,000. The unemployment rate slipped to 4.1%.

Why it matters

Strong hiring may reduce pressure for rate cuts and reassures workers.

Background

The Labor Department publishes the figures monthly.

The story so far

  1. US housing data weakens as Fed weighs further rate hikes
  2. Fed expected to hold rates
  3. Fed holds rates at 3.75-4% as inflation runs high
  4. US economy grows 3.4% as Fed holds rates
  5. US adds 165,000 jobs in October; unemployment falls to 4.1%
  6. US adds 165,000 jobs in October

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Sources

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