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U.S. Employers Add 165,000 Jobs as Labor Market Beats Expectations
The United States added 165,000 jobs in October, significantly exceeding economists’ expectations and delivering a stronger-than-anticipated picture of the country’s labor market. According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment increased by 165,000 during the month. Economists had expected approximately 65,000 new jobs. The unemployment rate stood at 4.1%, changing little…