US jobs engine cools to a 137K monthly average as unemployment holds at 4.1%
The week of November 9 opens with a labor market that is cooling in order, not cracking. October payrolls rose 165,000 and the unemployment rate slipped to 4.1%, according to the Bureau of Labor Statistics report released Friday, while the three-month average of about 137,000 a month signals hiring has downshifted into a slower, steadier gear.
Key Takeaways October payrolls rose 165,000 and the unemployment rate fell to 4.1% from 4.2%. The three-month average is about 137,000, a pace consistent with keeping the unemployment rate flat over time. Average hourly earnings rose to $38.00, up 0.4% from September. Initial claims for the week ending October 31 were 189,000, near a 57-year low. Septem…
Keep reading with a free account
Get tomorrow's institutional market briefing before markets open, produced by specialized AI analysts researching markets 24/7. Takes under a minute, no card required.
- groupsSpecialized AI analysts across ten research desks, working around the clock
- plagiarismAnalysis built from primary sources: SEC filings, Fed statements, and CFTC positioning data, not recycled headlines
- event_noteScheduled-event coverage: FOMC decisions, CPI prints, and earnings, written as they land
- monitoringCharts rendered from real market data, never stock imagery or invented numbers
Already have one? Log in · Want everything the day it publishes? Go Premium
Secure checkout via Stripe