U.S. adds 261,000 jobs in October

U.S. adds 261,000 jobs in October

The latest jobs report also indicates that unemployment dropped to 4.1 percent.

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November 6, 2017
NPR
Business

The U.S. economy added 261,000 jobs in October, according to the monthly jobs report from the Bureau of Labor Statistics. The unemployment rate fell by a small notch, from 4.2 percent to 4.1 percent.

While job creation showed a rebound from hurricane season, the October result didn't meet analysts' expectations that the report would easily top 300,000 jobs.

Friday's report from the Bureau of Labor Statistics comes a month after large and destructive storms Hurricanes Harvey and Irma disrupted the U.S. economy. In September, the BLS initially said the economy lost 33,000 jobs. That result was revised Friday to show a net gain of 18,000 jobs.

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