The U.S. added 531K jobs during the month of October (more than expected) and the unemployment rate fell from 4.8% to 4.6% according to the Labor Department.
BREAKING: America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown. https://t.co/hbiQX4pet0
— The Associated Press (@AP) November 5, 2021
Additionally, the employment report for August was revised up by 117,000, from 366,000 to 483,000. And the report for September was revised up by 118,000, from 194,000 to 312,000. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. Amid all this good news, however, the unemployment rate for Black Americans remains stuck at 7.9 percent. So far this year, monthly job growth has averaged 582,000. To date, the U.S. has recovered nearly 80% of the jobs lost during the Trump administration. Read more at the New York Times.
The American economy sharply rebounded in October, adding 531,000 jobs — an improvement from the 312,000 added in September. It’s a sign that employers are feeling more optimistic as the latest coronavirus surge eases. https://t.co/yD0NtpcYNw pic.twitter.com/5LHXUPvpZq
— The New York Times (@nytimes) November 5, 2021
BREAKING: U.S. added 531,000 jobs in October, beating estimates of 450,000. The unemployment rate fell to 4.6%. pic.twitter.com/hS12eR0JPe
— Cheddar News 🧀 (@cheddar) November 5, 2021
531,000 net new jobs added back into the economy in October, and the jobless rate fell more than expected to 4.6%. @ChristineRomans breaks down the October jobs report: pic.twitter.com/OGvGEJgjLP
— CNN Early Start (@EarlyStart) November 5, 2021
October Jobs Report: Strong Rebound as U.S Economy Adds 531,000 Jobs
Jobless rate fell to 4.6% as labor market bounces back from summer lull#ThankYouBrandon #Stock Market 💙✋🏾 The Economy is better under Democrats #VA pic.twitter.com/9wMMAaJPnP— Vote Blue VA. (@VoteBlue_VA) November 5, 2021
The U.S. added 531,000 jobs in October and the unemployment rate fell to 4.6% as many employers ramped up hiring ahead of the holiday shopping season #WSJWhatsNow pic.twitter.com/kMtuSatBcM
— The Wall Street Journal (@WSJ) November 5, 2021
BREAKING: US economy added back 531,000 jobs in October – beating expectations.
The US has recovered ~80% of jobs lost during Trump administration – the worst jobs president in American History pic.twitter.com/pr5TneNMj9
— Roshan Rinaldi (@Roshan_Rinaldi) November 5, 2021
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