The White House highlighted an increase of 165,000 jobs in October, more than 100,000 above expectations, including the strongest monthly manufacturing gain since 2023. It credited President Trump’s tariffs and tax cuts with supporting employment and domestic production. Manufacturing added 19,000 jobs in October. September’s overall employment gain was revised upward to 60,000, double the initial estimate, while August’s was revised upward to 186,000. Wage growth reached its highest level of the year, average hourly earnings exceeded expectations and the unemployment rate declined. The update reported more than 1.25 million additional private sector jobs since Trump returned to office, alongside increases of more than 100,000 manufacturing jobs and 120,000 factory construction jobs. Indicators of industrial investment included capital goods imports reaching a record 46% share of total imports and core capital goods orders rising almost 14% from a year earlier.
White House highlights 165,000 jobs added in October and strongest manufacturing gain since 2023
The White House highlighted October employment growth of 165,000, exceeding expectations by more than 100,000, with manufacturing adding 19,000 jobs in its strongest monthly gain since 2023. Earlier employment figures were revised upward, wage growth reached its highest level of the year and unemployment fell. The statement linked employment and domestic production gains to President Trump’s tariffs and tax cuts.