Summary
The U.S. economy added 165,000 jobs in October, more than expected, according to the Bureau of Labor Statistics. The unemployment rate fell slightly to 4.1 percent.Key Facts
- The economy added 165,000 jobs in October.
- The job total exceeded expectations.
- The unemployment rate decreased slightly to 4.1 percent.
- Unemployment has stayed below 5 percent for more than five years.
- Unemployment reached nearly 15 percent in the early stages of the COVID-19 pandemic.
