U.S. Adds 128,000 Jobs in October, Jobless Rate Edges Up to 3.6%

U.S. Adds 128,000 Jobs in October, Jobless Rate Edges Up to 3.6%

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Business, Social Studies, Life Skills

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In October, the unemployment rate remained steady at 3.6% despite challenges like the GM strike and the completion of census work. Job growth was notable in food services, social assistance, and financial activities, while manufacturing saw a decline due to the GM strike. Federal employment also decreased as census work concluded. Average hourly earnings increased slightly, and the labor participation rate remained stable. Revisions for August and September added 95,000 previously unreported jobs, culminating in a total of 128,000 jobs added in October, surpassing expectations.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the average hourly earnings in October?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How many jobs were added to the US economy in October?

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