U.S. adds 128,000 jobs in October, nearly double what economists expect
President Trump is already celebrating a positive new jobs report.
Unemployment remained remarkably low for another month as the U.S. added 128,000 jobs in October, Bureau of Labor Statistics data out Friday reveals. That's almost double the 75,000 jobs economists surveyed by Dow Jones expected to be added, CNBC reports.
While unemployment overall did rise slightly to 3.6 percent, that's still a historically low number. The total unemployment level also hit a new high of 158,000. Black unemployment fell a tad to 5.4 percent, marking yet another new record as well.
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.
President Trump quickly celebrated the "blowout" numbers with a tweet, and Republican leaders also signaled their support. Kathryn Krawczyk
-
Tourangelle-style pork with prunes recipeThe Week Recommends This traditional, rustic dish is a French classic
-
The Epstein files: glimpses of a deeply disturbing worldIn the Spotlight Trove of released documents paint a picture of depravity and privilege in which men hold the cards, and women are powerless or peripheral
-
Jeff Bezos: cutting the legs off The Washington PostIn the Spotlight A stalwart of American journalism is a shadow of itself after swingeing cuts by its billionaire owner
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
