US hiring blows past forecasts as unemployment falls to 4.1%

The Straits Times · The Straits Times · 2026-11-06 14:13 UTC

US hiring beats forecasts as unemployment falls to 4.1%, boosting hopes the Federal Reserve can keep tackling inflation. Read more at straitstimes.com.

- US job growth beat forecasts in October, with payrolls up 165,000 and unemployment down to 4.1%.

- The strong jobs data may give the Federal Reserve more room to fight inflation, as it weighs rate decisions after keeping rates at 3.75% to 4%.

- Hiring is still cautious because of AI changes, past overhiring, and Middle East conflict risks, while young adults and graduates face fewer job chances.

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