U.S. Added 165,000 Jobs In October; Entertainment Employment Rises
Employers added more jobs than forecasters had expected and the unemployment rate dipped to 4.1%.
- added an unexpectedly robust 165,000 jobs in October, with the unemployment rate at 4.1%, while jobs in the entertainment industry also picked up.
- job market improved last month, according to a report from the Labor Department Friday.
Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate held steady at 4.2%.
The Bureau of Labor Statistics has provided a snapshot of the labor market that has bounced from months of job gains to lackluster numbers or even losses this year.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →