US employers add 165,000 jobs in October, report shows
The unemployment rate edged down to 4.1% as hiring rose from the previous month’s pace.
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The unemployment rate edged down to 4.1% as hiring rose from the previous month’s pace.
US employers added 165,000 jobs in October, and the unemployment rate edged down to 4.1%. The previous report had put September’s gain at 29,000 jobs, a sharp drop from August’s increase.
Before the release, analysts had expected a slight increase in October job numbers and unemployment around 4.2%, The Guardian said. It described the hiring gain as stronger than expected.
Average hourly earnings rose to $38.00, up 3.1% over the last 12 months. That was below the 3.7% annual increase in the Consumer Price Index, a measure of consumer prices, in September.
Employment rose in movie and music production and among broadcasting and content providers, while publishing lost jobs.
| Industry | Change in jobs | Total jobs |
|---|---|---|
| Movie and music production | +3,200 | 328,400 |
| Broadcasting and content providers | About +200 | 327,600 |
| Publishing | -4,100 | 880,000 |
The Bureau of Labor Statistics also revised its August and September employment figures upward by a combined 84,000 jobs. Deadline said such revisions are typical as additional data arrives after initial monthly estimates.
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The update adds wage growth, its comparison with inflation and revisions to earlier employment figures.