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The American economy added 531,000 jobs in October, the Labor Department said Friday, a sharp rebound from the previous ...
11/05/2021

The American economy added 531,000 jobs in October, the Labor Department said Friday, a sharp rebound from the previous month and a sign that employers are feeling more optimistic as the latest coronavirus surge eases.

Economists polled by Bloomberg had been looking for a gain of 450,000 jobs. The unemployment rate declined to 4.6 percent, from 4.8 percent.

The October gain was an improvement from the 312,000 positions added in September — a number that was revised upward on Friday, along with the August figure, providing a more upbeat picture of the last few months

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