U.S. Non-Farm Jobs Surge 165,000, Exceeding Forecasts

The Chosun Ilbo · Song Bok-gyu(ChosunBiz) · 2026-11-06 14:26 UTC

U.S. Non-Farm Jobs Surge 165,000, Exceeding Forecasts Unemployment rate drops to 4.1% as wage growth also outpaces expectations

The number of jobs in the U.S. in October increased by a larger-than-expected margin. The unemployment rate fell compared to the previous month.

The U.S. Department of Labor’s Bureau of Labor Statistics announced on the 6th (local time) that non-farm sector jobs in October rose by 165,000 people from the previous month. This figure exceeded the expert forecast of 59,000 people compiled by Dow Jones.

The unemployment rate fell to 4.1%, down from 4.2% the previous month, and slightly undershot market expectations, 4.2%. However, the ‘broad unemployment rate,’ which includes discouraged workers and part-time workers seeking full-time employment, rose by 0.3 percentage points (p) to 7.9% from the previous month.

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