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U.S. economy added 150,000 jobs in October as hiring slows

U.S. economy added 150,000 jobs in October as hiring slows

CBSN
Friday, November 03, 2023 12:55:25 PM UTC

The U.S. economy added 150,000 jobs in October, a figure below expectations and marking the end of large monthly gains, the government reported on Friday.

The unemployment rate remained little changed at 3.9%, versus 3.8% the month prior, according to the Labor Department.

The job gains is less than the 170,000 figure expected by economists and well below the 260,000 monthly average so far this year.

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