US employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%

The Economic Times · AP · 2026-11-06 14:25 UTC

US employers added 165,000 jobs last month, surpassing economists' expectations and bringing the unemployment rate down to 4.1%. The Labor Department also revised previous months' job figures upwards, indicating stronger hiring trends.

WASHINGTON: US employers created a surprising 165,000 new jobs last month and the unemployment rate dipped to 4.1%.

The hiring was far stronger than the 65,000 new jobs that economists had expected.

The jobs report comes three days after voters delivered a stunning defeat to President Donald Trump and his Republican Party in midterm elections. Frustrated with the state of the economy - and especially the high cost of living - Americans handed full control of the U.S. Congress to the Democrats.

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