US adds 165,000 jobs in October as unemployment falls to 4.1%

ilsole24ore.com (Italian) —

US employment grew by 165,000 jobs in October, far exceeding expectations, while the unemployment rate fell to 4.1%, increasing the likelihood of a Federal Reserve interest rate hike in December. The Labor Department report showed strong gains in professional services, healthcare, and technology-related manufacturing, with 84,000 more jobs created in August and September than previously reported. Wage growth remained moderate at 3.1% annually. Market expectations for a December rate hike rose to 76.8%, up from 66.9% on Thursday. The upcoming October inflation report may provide further guidance on monetary policy direction for early 2027.


With a significance score of 2.4, this news ranks in the top 15% of today's 29977 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: