US Job Growth October Adds 165,000 Jobs as Unemployment Falls to 4.1%

US job growth in October exceeded expectations as employers added 165,000 jobs , even as wage gains continued to trail inflation. The Bureau of Labor Statistics report released on November 6, 2026, showed unemployment edging down to 4.1% , alongside upward revisions to hiring in the previous two months. Key takeaways August and September payroll gains were revised upward by a combined 84,000 jobs. Annual wage growth of 3.1% remained below September’s 3.7% inflation rate. September job openings increased, while layoffs reached an 18-month low. October US job growth beats expectations The October employment gain surpassed economists’ forecasts, while revisions strengthened the picture for earlier months. The BLS added a combined 84,000 jobs to its previous estimates for August and September.

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