October jobs report smashes expectations with 531,000 gains


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.
It also comes after two months of underachievement. In October, the Labor Department said the economy added 194,000 jobs in September, far less than the around 500,000 expected, and the August jobs report also came in under expectations. On Friday, though, the September number was revised up by 118,000 jobs, and the August number was also revised up by 117,000 jobs. "With these revisions," the Labor Department said, "employment in August and September combined is 235,000 higher than previously reported."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The prior disappointing reports for August and September came as the Delta variant of COVID-19 was leading to a surge in coronavirus cases in the United States. The number of daily cases has since declined.
"The October jobs report is a step in the right direction, indicating that the improving public health situation is unlocking faster jobs growth," Glassdoor senior economist Daniel Zhao said. "As the latest wave continues to recede, there's room for faster growth in the coming months, especially as vaccinations climb with the expansion of eligibility to children and the new federal vaccine mandate takes effect. The October jobs report shows a labor market warming up and poised for a solid winter."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
Is Prince Harry owed protection?
Talking Point The Duke of Sussex claims he has been singled out for 'unjustified and inferior treatment' over decision to withdraw round-the-clock security
By The Week UK
-
Sudoku hard: April 20, 2025
The Week's daily hard sudoku puzzle
By The Week Staff
-
Codeword: April 20, 2025
The Week's daily codeword puzzle
By The Week Staff
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
By Peter Weber, The Week US
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
By Justin Klawans, The Week US
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US
-
What's Jeff Bezos' net worth?
In Depth The Amazon tycoon and third richest person in the world made his fortune pioneering online retail
By David Faris
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US