{
  "id": 18514640,
  "title": "US adds 165,000 jobs in October as labour market beats expectations",
  "url": "https://urgent.news/2026/11/06/us-adds-165-000-jobs-in-october-as-labour-market-beats-expectations",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T14:52:43.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/news/world/united-states-canada/article/3373607/us-adds-165000-jobs-october-labour-market-beats-expectations"
  },
  "original_language": "en",
  "account": "The US economy added 165,000 jobs in October, surpassing analysts' expectations, according to government data released on Friday. The unemployment rate fell to 4.1 percent. Federal Reserve officials prioritize fighting high inflation, which remains a key focus despite the strong job market. This could prompt further rate hikes, putting the Fed at odds with President Trump, who advocates for lower borrowing costs. The data revisions for August and September show an increase of 84,000 jobs, with October's gain well above the average monthly increase of 48,000 over the past year. Professional and business services led job growth, adding 70,000 positions, while healthcare added 42,000 jobs. Transport and warehousing also saw an increase of 25,000 jobs, mostly in courier and messenger roles. However, employment in construction, retail, financial activities, and government remained largely unchanged. Despite the solid job market, wages lag behind inflation, leading to real wage losses for most workers. The job market's solid yet unspectacular performance contrasts with the weak job creation seen in 2025, with employers adding an average of 86,000 jobs per month. Economists describe the current environment as a \"low-fire, low-hire\" scenario, where employers are hesitant to hire new workers.",
  "summary": "Employment in the United States grew by 165,000 jobs in October, far exceeding analysts’ expectations, with the unemployment rate dipping to 4.1 per cent, government data showed on Friday. The relatively stable labour market has allowed the US Federal Reserve – which has a dual mandate to maintain inflation at a long-term 2 per cent target while ensuring maximum employment – to make fighting…",
  "key_points": [
    "US economy added 165,000 jobs in October, beating expectations",
    "Unemployment rate dropped to 4.1 percent in October",
    "Professional and business services led job growth in October"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "U.S. added 165,000 jobs in October, blowing past 65,000 estimate",
        "url": "https://urgent.news/2026/11/06/u-s-added-165-000-jobs-in-october-blowing-past-65-000-estimate",
        "published": "2026-11-06T13:31:54.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "US economy outstrips forecasts to add 165,000 jobs in October",
        "url": "https://urgent.news/2026/11/06/us-economy-outstrips-forecasts-to-add-165-000-jobs-in-october",
        "published": "2026-11-06T14:01:31.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "10-year Treasury yield rises after much stronger-than-expected October jobs report",
        "url": "https://urgent.news/2026/11/06/10-year-treasury-yield-rises-after-much-stronger-than-expected",
        "published": "2026-11-06T14:08:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "U.S. adds 165,000 jobs in October, exceeding forecasts",
        "url": "https://urgent.news/2026/11/06/u-s-adds-165-000-jobs-in-october-exceeding-forecasts",
        "published": "2026-11-06T15:22:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}