US job growth beats expectations in October

RTÉ News · RTÉ News · 2026-11-06 14:02 UTC

US non-farm payrolls increased more than expected in October and the unemployment rate fell to 4.1%, suggesting the labour market remained resilient.

US non-farm payrolls increased more than expected in October and the unemployment rate fell to 4.1%, suggesting the labour market remained resilient and giving the Federal Reserve more scope to focus on inflation stemming from the Middle East conflict.

US payrolls jumped by 165,000 jobs last month after an upwardly revised 60,000 gain in September, the Labor Department's Bureau of Labor Statistics said today.

Economists polled by Reuters had forecast payrolls advancing 65,000 after a previously reported 29,000 increase in September.

Read the full story at RTÉ News · All coverage of this story