Summary
U.S. employers added 165,000 jobs in October, above economists’ forecast of 65,000. The unemployment rate fell to 4.1%, and revised figures showed stronger payroll growth in August and September than previously reported.
Key Facts
- Employers added 165,000 jobs in October.
- Economists surveyed by FactSet had forecast 65,000 new jobs.
- The unemployment rate was 4.1% in October, down from 4.2% in September.
- The Labor Department revised August and September payroll gains upward by a combined 84,000.
- Employers added an average of 10,000 jobs per month in 2025.
- Ryan Sweet, chief global economist at Oxford Economics, described the labor market as solid while noting that some workers face difficulties.
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