U.S. economy added 261,000 jobs in October, better than expected as hiring remains strong

aimed at slowing what is still a strong labor market.

Those payroll numbers were better than the Dow Jones estimate for 205,000 more jobs but worse than the 3.5% estimate for the unemployment rate. The new figures come as the Fed is on a campaign to bring down inflation running at an annual rate of 8.2%, according to one government gauge. Earlier this week, the central bank approved its fourth consecutive 0.75 percentage point interest rate increase, taking benchmark borrowing rates to a range of 3.75%-4%.

Newsflash: Interest rates need to be about double the rate of inflation to knock inflation. Ask Paul Volker

Why are you showing pictures of a professional? The gains were in bartenders and waitstaff

But how many jobs were lost?

DEMOCRATS are saving America

I wonder what % of people have just changed jobs is this calculated , 260k is pretty good adds roughly 5200 jobs per state . Big problem all the rest of the workers working are having a hard time making ends meet with this Administration Economic Disaster Biden has created.

Fake picture. Private sector jobs have evaporated.

NBC news reports what, how, when it is told to report.

Inflation Joe is causing people to have to take on second jobs, way to go Joe!

This a news great yo the U.S.

Dang.... Brandon is a job making machine!

Joe Biden is a job creator

Mr biden well done job

Can someone explain how the US raising interest rates here helps with inflation when it’s a global issue

Thank you President Trump!

Oh no, jobs

Jobs, Jobs, Jobs BidenDelivers Freedom America American

Americans adding another job or two.

But but but

BidenDeliversAGAIN

Participation rate?

“Recession”

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October jobs report: 261,000 payrolls added, unemployment rate at 3.7%Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Maybe, but it won't last. We have gone a long time without a recession. It is way over due. The pain is coming. It is coming soon. You have literally been telling us the opposite nonstop for at least two weeks. Which is it?
Source: BusinessInsider - 🏆 729. / 51 Read more »

The US economy added 261,000 jobs in October while unemployment jumped to 3.7% | CNN BusinessThe US economy added 261,000 jobs in October and the unemployment rate ticked up to 3.7%, according to the latest monthly employment snapshot from the Bureau of Labor Statistics, released Friday morning. But jobs were being added before interest rates went up? Propaganda. Doesn’t it get tiring carrying the water for the losing team? U.S. job gains surprisingly solid in October .
Source: cnnbrk - 🏆 393. / 55 Read more »