BusinessPhoto: HT WorldUS Adds 165,000 Jobs in October, Unemployment Falls to 4.1%
The US job market rebounded in October with 165,000 jobs added and the unemployment rate dropping to 4.1%. Despite low layoffs and strong job security, hiring remains modest and wage growth lags behind inflation. The report follows midterm elections where Democrats gained full control of Congress amid economic frustrations. The economy grew 3.4% in Q3, boosted by consumer spending and AI investments.
HT World·




