The U.S. added 261,000 jobs in October, "its fewest since December 2020," The Wall Street Journal reports Friday, per the U.S. Labor Department. The unemployment rate also rose to 3.7 percent.
The October report managed to demonstrate the economy's overall resilience, with jobs gains nonetheless beating economists' expectations despite the Federal Reserve's inflation-fighting interest rate hikes, The New York Times notes. The numbers also afforded voters' a "final glimpse" at the economy before next week's midterm elections, and "will almost certainly make [their] way into both parties' closing pitches ... ."
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