The labor market remained solid in October: the U.S. economy added 261,000 jobs, while the unemployment rate rose to 3.7% from 3.5%, the government said on Friday.
shows that while jobs growth has slowed, employers continue to add workers at a robust pace as the labor market defies fears of a recession.: October's jobs gains were above the 205,000 payrolls economists expected. It's a slightly slower pace than theAverage hourly earnings, a proxy for wage growth, rose by 0.4% in October — a bit faster than the prior month, when wages grew 0.3%.
The share of people working or looking for work, known as the labor force participation rate, was 62.2%, a tick below the 62.3% in September.: The Federal Reserve this year has raised interest rates at historically rapid pace in an effort to slow the economy and, in turn, beat back soaring inflation. Many economists warn that the U.S. will soon enter a recession. Still, the labor market has chugged along..
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US employers keep hiring at solid pace, adding 261K jobs in OctoberAmerica's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.
Read more »
Hiring stayed strong in October, with U.S. employers adding 261,000 jobsHiring across the U.S. continued to surge in October, highlighting that the nation's job market remains tight just days before the midterm elections.
Read more »
US employers keep hiring at solid pace, adding 261,000 jobsAmerica’s employers kept hiring briskly in October.
Read more »
US employers keep hiring at solid pace, adding 261,000 jobsAmerica's employers kept hiring briskly in October, adding a substantial 261,000 positions. Here's what it means for inflation and the economy.
Read more »
US Employers Add 261,000 Jobs As They Continue Solid Hiring PaceThe October jobs report is the last before Election Day.
Read more »
U.S. employers keep hiring at solid pace, adding 261,000 jobsFriday’s government report showed that last month’s hiring remained near the robust pace it has maintained in the two-plus years since the pandemic recession ended. The unemployment rate rose to 3.7% from a five-decade low of 3.5%.
Read more »