The White House published a roundup of reactions to the October U.S. jobs report, highlighting payroll growth of 165,000 and a drop in unemployment to 4.1%. The increase was more than double expectations of about 65,000. Upward revisions added a combined 84,000 jobs to the August and September gains. Private employers accounted for 159,000 of October’s additional jobs, compared with 6,000 in government. Gains across sectors included 70,000 jobs in professional and business services and 19,000 in manufacturing, alongside increases in health care and transportation. Average hourly earnings rose 3.1% from a year earlier.
White House highlights October payroll gain of 165,000 and lower unemployment
The White House highlighted October employment growth of 165,000, more than double expectations, and a decline in unemployment to 4.1%. August and September job gains were revised up by 84,000 combined, while private employers contributed 159,000 of October’s new jobs.