U.S. employers added 165,000 jobs in October, surpassing forecasters' expectations and marking a strong gain after months of sharp swings in hiring.

U.S. employers hired at a vigorous pace in October, adding 165,000 jobs. The unemployment rate fell to 4.1 percent.

The U.S. unemployment rate crept up to 4.2% in September, but there’s no reason to expect it to keep rising. Companies are hiring enough workers to keep unemployment low. If the pandemic era is excluded,

Americans are increasingly worried about their job, but economists expect the labor market to remain relatively stable through 2027.

Rising Black unemployment has been a leading indicator of broader economic downturns. It just spiked in September but economists aren't panicking yet.

The upswing in hiring in October nudged the U.S. unemployment rate down to 4.1% from 4.2% in the prior month. There's a good chance it could fall to 4% by the end of the year. The economy is adding more than enough new jobs to absorb most of the new entrants each month into the labor force.

Laid off at 63 with an IRA to tap, he worries the state will slash his unemployment check. One retirement payment poses a bigger threat than he realizes, and one phone call could save him from triggering it.

The Labor Department reported Thursday that 189,000 people sought jobless aid last week, the fewest since mid-July and down from 195,000 the week before. The four-week average of claims, which smooths out week-to-week ups and downs,