U.S. Added 250,000 Jobs in October; Unemployment at 3.7%
11/2/2018 12:15:07 PM 813
The Labor Department released its hiring and unemployment figures for October on Friday morning, providing the latest snapshot of the American economy.
The
Numbers
■ 250,000 jobs were added last month.
■ The unemployment rate was unchanged at 3.7 percent, a nearly 50-year low.
■ Average earnings rose by 0.2 percent and are up
3.1 percent over the past year.
■ The number of people working or looking for a job increased by 711,000, nudging the labor force participation rate up to 62.9 percent, from 62.7 percent in September.
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