U.S. Job Growth Accelerates
Nov 9, 2026
It's Benzinga, bringing Wall Street to Main Street.
U.S. job growth accelerated in October as employers added 165,000 jobs,
beating economists' expectations of 65,000, according to Reuters.
The unemployment rate fell to 4.1% from 4.2% in September,
according to the Labor Department.
August and September payrolls
were revised upward by a combined 84,000 jobs.
Professional and business services led October's gains,
followed by healthcare, transportation, and manufacturing.
Leisure and hospitality lost 13,000 jobs,
while construction shed 3,000.
The stronger labor market reinforced expectations
that the Federal Reserve will raise interest rates in December.
Financial markets priced in a roughly 80% chance of a rate hike,
up from 66.9% Thursday, according to CME's FedWatch tool.
Annual wage growth slowed to 3.1% from 3.2% in September.
For all things money, visit Benzinga.com.