Employers added 165,000 jobs in October, soaring past expectations
Employers across the U.S. added 165,000 jobs in October, soaring past economists' forecasts and signaling that employers are stepping up hiring despite headwinds such as inflation.
By the numbers
Economists had forecast the economy would add 65,000 new jobs last month, according to financial data firm FactSet. The unemployment rate stood at 4.1% in October, dipping from 4.2% in the prior month.
— This a developing story and will be updated.
Edited by Alain Sherter
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