The US economy added 165,000 jobs in October and the unemployment rate fell

The United States economy added 165,000 jobs in October, according to Bureau of Labor Statistics data released Friday, far above the consensus forecast of 65,000. The unemployment rate fell to 4.1 percent from 4.2 percent, and job growth in the previous two months was revised up by a combined 84,000 jobs. Professional and business services accounted for the bulk of October's gains, while durable goods manufacturing added 25,000 jobs, and wage growth slowed to 3.1 percent year on year. The report is stronger than expected, but economists caution that the three-month average of job growth is much softer and that the labor market has worked for some but not all workers, especially younger ones. Source: CNN Business, November 6, 2026.

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