U.S. labor market zooms ahead with 165,000 jobs added in October
Axios · Courtenay Brown ·
Hiring unexpectedly picked up sharply last month, offering fresh evidence that the labor market is gaining momentum.
By the numbers: The jobs figure comes in well ahead of the 65,000 that economists had penciled in for October.
- Hiring over the past two months was also stronger than previously estimated, according to revisions released on Friday. Employers added 186,000 jobs in August, up from the previously reported 133,000.
- September's job gains were revised up to 60,000 from the initially reported 29,000.