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EconomyPast Article

Employers Added 165,000 Jobs in October as Revisions Lifted the Late Summer

Payroll growth ran well above its 12-month average and hourly pay rose 0.4 percent. The household survey was softer: 339,000 more people were working part time because they could not get full-time hours.

By Arthur Lin, Economics Columnist

Washington2 min read

A man in a grey and red shirt operating industrial machinery in a factory
A worker operates industrial machinery on a factory floor.Photo by Sam Moghadam on Unsplash

American employers added 165,000 jobs in October, the Bureau of Labor Statistics reported on Friday, November 6, more than three times the average monthly gain of 48,000 over the previous 12 months. The Employment Situation report also raised its estimates for the two months before it, so the late summer now looks considerably firmer than first reported.

The unemployment rate was 4.1 percent, with 7.1 million people out of work. The bureau described both figures as little changed. The rate has stayed between 4.1 percent and 4.3 percent since March.

The revisions

August payrolls were revised up by 53,000, to a gain of 186,000 from 133,000. September was revised up by 31,000, to 60,000 from 29,000. Together the two months now show 84,000 more jobs than previously reported. The bureau attributed the changes to additional reports from employers and to recalculated seasonal factors.

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