U.S. Unemployment Rate Dips To 4.1%, 261,000 New Jobs Added To Payrolls

The nation’s jobless rate in October was 4.1%, down from 4.2% in September as 261,000 new positions were added to payrolls, largely offsetting last month’s decline that largely reflected the impact of Hurricanes Irma and Harvey, the U.S. Bureau of Labor Statistics (BLS) reported Friday (Nov. 3).

Job gains occurred in professional and business services, manufacturing and health care, and the number of unemployed persons decreased by 281,000 to 6.5 million. Since January, the unemployment rate has declined by 0.7 percentage point, and the number of unemployed persons has decreased by 1.1 million.

Among the major worker groups, the unemployment rates for adult women (3.6%) and Whites (3.5%) declined in October. The jobless rates for adult men (3.8%), teenagers (13.7%), Blacks (7.5%), Asians (3.1%), and Hispanics (4.8%) showed slight change.   MORE

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