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The White House·

What They Are Saying: Blowout October Jobs Report Smashes Expectations

  • The U.S. economy added 165,000 jobs in October, exceeding expert expectations by more than double.
  • The unemployment rate fell to 4.1% while the average hourly earnings rose 3.1% year-over-year.
  • Data for August & September were revised upward by a total of 84,000 positions.
  • Manufacturing employment surged, adding 19,000 jobs in October for a total of over 100,000 in 2026.
  • Professional & business services hiring increased by 70,000, with continued gains in healthcare & transportation.
  • The private sector added 159,000 jobs compared to only 6,000 added by the government.
  • Initial jobless claims dropped to 189,000, matching the lowest level recorded since 1969.
  • The 3-month moving average for job growth climbed to 137,000, up from 28,000 in July.
  • Since President Trump returned to office, the U.S. has surpassed 1.25 million new private sector jobs.
  • The labor market has seen 10 consecutive months of manufacturing expansion driven by reshored production & record investment.