US jobs market cools in October | NHK WORLD-JAPAN News ...Middle East

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The US labor department says the economy added 150,000 jobs in October. The figure was lower than what most analysts had been expecting but is on a par with pre-pandemic levels. The department released the latest figures in its monthly employment report on Friday. It says hiring was most robust in the healthcare sector, but walkouts by striking workers in the auto industry dragged down gains in manufacturing. The unemployment rate for October ticked up from 3.8 to 3.9 percent. The rate has stayed below 4 percent for nearly two years, which is a stretch not seen in a half-century. President Joe Biden released a statement saying the unemployment figures prove that his economic policies are b

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