US economy adds 261,000 jobs in October, unemployment rate rises to 3.7%

Employers added 261,000 workers last month, far higher than economists had forecast, while the jobless rate rose two-tenths to 3.7 percent, the Labor Department said.

AFP

November 04, 2022 / 18:44 IST

Source: AP (Representative Image)

US job gains topped expectations in October, as hiring rose at a solid pace, even as the unemployment rate edged up, according to the closely-watched US employment report Friday.

Employers added 261,000 workers last month, far higher than economists had forecast, while the jobless rate rose two-tenths to 3.7 percent, the Labor Department said.

There were notable job gains in health care, professional and technical services, and manufacturing, the report said.

AFP

first published: Nov 4, 2022 06:29 pm

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