USABC NewsFRI 06 NOV 2026 / 8:47 AM CST

Blockbuster jobs report in 1st major snapshot of economy since midterms

A jobs report on Friday showed hiring accelerated in October, providing the first major snapshot of the economy since the midterms as the stock market seesaws in response to the election results.

Employers added 165,000 jobs in October, an increase from 60,000 jobs added a month earlier, U.S. Bureau of Labor Statistics data showed. The unemployment rate ticked down from 4.2% to 4.1%.

The reading for October came in much higher than economists' expectation of 59,000 jobs added.

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Blockbuster jobs report in 1st major snapshot of economy since midterms

More on this deskAll US

Employers added 165,000 jobs in October, soaring past expectations

Size of Democratic majorities comes into focus as GOP grapples with loss

Acton says she has "no intention" of speaking to Ramaswamy

Musk says Tesla will end Cybertruck production next year