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U.S. adds 165,000 payroll jobs in October and unemployment dips to 4.14 percent, Nick Timiraos notes

U.S. adds 165,000 payroll jobs in October and unemployment dips to 4.14 percent, Nick Timiraos notes
U.S. payrolls up 165,000 and jobless rate falls

U.S. payrolls increased by 165,000 in October, with upward revisions totaling 84,000 for August and September. The unemployment rate decreased slightly by 0.03 percentage points to 4.14 percent.

Nick Timiraos, chief economics correspondent at Wall Street Journal, highlighted these labor market developments in a recent update.

Timiraos has recently reported that industrial buyers at Jergens in Cleveland are prioritizing quality and speed over price. In a separate update, Bessent said the administration aims to address Fannie Mae and Freddie Mac in 2027–28 but cautioned that any agreement should not widen mortgage spreads. These developments provide additional context to current labor market trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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