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EconomyUnited States

US employers add 165,000 jobs in October as unemployment dips to 4.1%

The US economy created 165,000 jobs in October, and the unemployment rate edged down to 4.1%. Steady hiring supports household incomes and the broader economy.

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Photo: Edvard Munch, Public domain, via Wikimedia Commons

Economy ·

The US economy added 165,000 jobs in October. The Bureau of Labor Statistics (BLS), the government agency that tracks employment, published the figure. It came in above what many had expected.

Economy

The BLS also said the unemployment rate slipped slightly to 4.1%. That rate is the share of people looking for work who cannot find a job.

In numbers

  • 165,000Jobs added in October
  • 4.1%Unemployment rate
  • 15%Pandemic-era peak unemployment

Economy

Unemployment has stayed below 5% for more than five years. It had soared to nearly 15% in the early stages of the COVID-19 pandemic.

The report arrived after midterm elections left markets unsettled. President Donald Trump received a boost from the strong numbers.

For households, steady hiring can mean more job openings and more stable incomes. The report shows hiring picked up speed in October.

Who is who

  • Donald TrumpUS president

Background

Unemployment peaked near 15% in the early stages of the COVID-19 pandemic.

Where
United States
Published
Section
Economy

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Photo: Edvard Munch, Public domain, via Wikimedia Commons

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