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Axios
Axios
Business

U.S. economy adds 261,000 jobs in October as labor market stays solid

Economy Recession United States
Data: Bureau of Labor Statistics, FRED; Chart: Axios Visuals

The labor market remained solid in October: the U.S. economy added 261,000 jobs, while the unemployment rate rose to 3.7% from 3.5%, the government said on Friday.

Why it matters: The last major economic report before the midterm elections shows that while jobs growth has slowed, employers continue to add workers at a robust pace as the labor market defies fears of a recession.

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