U.S. hiring rebounded in October, with 531,000 jobs added

Posted on AllSides November 5th, 2021
From The Left
Economy and Jobs, unemployment
Robyn Beck/AFP/Getty Images

America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown.

Friday’s report from the Labor Department also showed that the unemployment rate fell to 4.6% last month, from 4.8% in September. That is a comparatively low level but still well above the pre-pandemic jobless rate of 3.5%.

The economy’s emergence from the pandemic, by most measures, remains on course. Services companies in such areas as retail, banks and warehousing...

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https://www.politico.com/news/2021/11/05/hiring-october-rebound-519678

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