October jobs report smashes expectations with 531,000 gains

Hiring sign
(Image credit: Spencer Platt/Getty Images)

The latest U.S. jobs report is here — and unlike those in recent months, it didn't disappoint.

The Labor Department said Friday the U.S. economy added 531,000 jobs in October, while the unemployment rate declined to 4.6 percent. It was considered a strong number after economists were anticipating gains of about 450,000 jobs, CNBC reports.

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.