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The Main Points
- US employers added 165,000 jobs in October.
- That is much more than experts expected.
- The unemployment rate fell to 4.1%.
People To Know
- Ryan Sweet — chief global economist at Oxford Economics
Words To Know
- Employer — a business or group that hires workers
- Unemployment rate — the share of people who want a job but cannot find one
- Economist — an expert on money, jobs and business
The Story
Every month, the government counts new jobs.
On Friday, it shared the numbers for October.
Employers added 165,000 jobs.
Experts expected only about 60,000.
In September, employers added about 60,000 jobs.
So October was much better.
The unemployment rate went down.
It fell from 4.2% to 4.1%.
The most new jobs were in health care.
Many were also in business services and shipping.
The government also changed its numbers for August and September.
It found 84,000 more jobs than it first counted.
Ryan Sweet is an economist.
He said the job market looks “solid.”
But he said some people still have a hard time finding work.
Prices are still going up faster than the government wants.
Where This Came From
We wrote this story in our own words, using facts reported by:
