Why 🐵 UnitedStatesNews-NoOpEd picked: US job growth exceeds expectations in October despite economic uncertainty

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Source: theguardian.com

<p>‘Low-hire, low-fire’ labor market shows sluggish growth but few layoffs, with an interest rate hike expected in December</p><p>The US added 165,000 jobs to the economy in October, a sign of resilience in the labor market amid ongoing war in the Middle East and inflation, according to new data released on Friday.</p><p>Economists had said the labor market has been stuck in a “low-hire, low-fire” state, in which job growth is sluggish but layoffs also remain low, but October’s data surpassed economist expectations. The <a href="https://www.theguardian.com/business/usemployment" rel="nofollow noopener noreferrer ugc" target="_blank">unemployment rate</a> went down slightly to 4.1%, the Bureau of Labor Statistics (BLS) reported.</p> <a href="https://www.theguardian.com/business/2026/nov/06/us-job-growth-october" rel="nofollow noopener noreferrer ugc" target="_blank">Continue reading...</a>

Topics: TOP_STORIES, GENERAL_NEWS, BUSINESS, POLITICS, US