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2026-11-06T17:00:00.000Z

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U.S. Jobs Beat Forecasts

U.S. Jobs Beat Forecasts

The U.S. economy added 165,000 nonfarm jobs in October, following upward revisions to the previous two months’ figures, while the unemployment rate fell to 4.1%. Professional and business services, along with health care, led the gains; the health care and social assistance sector added about 55,000 jobs. Average hourly earnings rose 0.4% from September and 3.1% year over year—the slowest annual pace since 2021—as the Federal Reserve awaits jobs and inflation data ahead of its December meeting.

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