US adds 165,000 jobs in October
The US economy added 165,000 jobs in October, far above the 59,000 expected. Unemployment slipped to 4.1 percent.
Why it matters: Strong hiring may shape interest-rate decisions.
Sources: CNBC · See it on the globe
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The story so far · 6 days, October 20 to November 7, 2026
US adds 165,000 jobs in October
One Turn followed this story across 6 editions, from Washington, DC on October 20, 2026. Newest first.
Monthly jobs reports are released by the Labor Department.
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Day by day
- US housing data weakens as Fed weighs further rate hikes
- Fed expected to hold rates
- Fed holds rates at 3.75-4% as inflation runs high
- US economy grows 3.4% as Fed holds rates
- US adds 165,000 jobs in October; unemployment falls to 4.1%
- US adds 165,000 jobs in October
Every installment
US adds 165,000 jobs in October; unemployment falls to 4.1%
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.
Sources: CNBC · See it on the globe
US economy grows 3.4% as Fed holds rates
US GDP grew 3.4% in Q3. The Fed held at 3.75-4.00% in a 10-2 vote. September inflation accelerated.
Why it matters: Mortgage and loan costs stay high.
Sources: CNBC, The Hindu · See it on the globe
Fed holds rates at 3.75-4% as inflation runs high
The Fed voted 10-2 to hold rates. Two members wanted a quarter-point rise. Chair Warsh called inflation too high. Treasury Secretary Bessent said another hike would not necessarily be a mistake.
Why it matters: Higher borrowing costs may last, affecting mortgages and business loans.
Sources: CNBC, Yonhap, Japan Times · See it on the globe
Fed expected to hold rates
Markets overwhelmingly expect the Fed to leave rates unchanged after September's increase. Warsh may signal more hikes.
Why it matters: Borrowing costs stay high for US households.
Sources: CNBC · See it on the globe
US housing data weakens as Fed weighs further rate hikes
September data showed US home sales, construction and builder sentiment all falling more than expected. The 10-year Treasury yield moved lower after the reports as investors looked ahead to the Federal Reserve's rate decision next week.
Why it matters: Weak housing could influence the Fed's interest rate path, which affects borrowing costs worldwide.
Sources: CNBC, CNBC, CNBC · See it on the globe