All news

US job growth beats forecasts with 165,000 jobs added in October — Labor Department

The primary gains were driven by hiring in the service sector, logistics, and healthcare

WASHINGTON, November 6. /TASS/. The number of jobs in the United States increased by 165,000 in October, significantly exceeding market expectations, the US Department of Labor reported on Friday.

The primary gains were driven by hiring in the service sector, logistics, and healthcare. Meanwhile, the national unemployment rate ticked down to 4.1%, compared to 4.2% in the previous month. In total, approximately 7.1 million Americans remain unemployed.

According to the Axios portal, market analysts had anticipated a modest increase of just 65,000 jobs.