US hiring exceeds expectations, as economy adds 261,000 jobs

The U.S. added 261,000 jobs in October, exceeding economist expectations and sending a positive signal for the economy days before the midterm elections.The strongest job gains came in health care, manufacturing and professional and technical services.

The report arrives two days after Fed Chair Jerome Powell announced another jumbo-sized interest rate hike, intensifying the central bank's fight against inflation and stoking fears of a downturn. The aggressive move is the latest in a string of borrowing cost increases imposed by the Fed in recent months as it tries to slash price increases by cooling the economy and choking off demand. The approach, however, risks tipping the U.S. into a recession and putting millions out of work.

While hiring has slowed from a breakneck pace earlier in the year, the labor market continues to defy recession concerns.The video in the media player above was used in a previous report.

They can add as many jobs but they don't hire..!!

I have had thirteen zoom interviews five in person. Yet nothing and my company that said she is eligible for rehire isn’t true they blocked unemployment three years but won’t rehire lies lies. I have never been fired

They are only hiring from the Taft families for a four week stretch it’s a lie

Bs they say they are hiring you interview but nope they aren’t

They are temp jobs, holiday, part time at fast food restaurants. Another feeble manipulation of numbers

Holiday Hiring…

Temp jobs? lol

biggest BS story coming out b4 midterms....you all must be thinkn we are stupid now....lmfao

Uber ain't a career

Really? OK remind me again how many jobs were lost throughout the Covid pandemic? Yeah I don’t think that those are new jobs

The current administration is better for the economy! Unemployment is low, wages are up, inflation (that was caused by the supply chain crisis under Trump) is starting to soften…the data clearly shows who’s better for the economy….

You need to jobs to afford the holidays

But at twitter lol

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