US Jobs Report - 638,000 Jobs Added in October
The US economy added 638,000 million jobs in October and unemployment fell to 6.9%, down from 7.9% in September.
The 1% drop in joblessness surprised analysts who had expected about a 0.2% drop. They hope this means that the long-term effects of the pandemic on the economy might not be as bad as predicted.
The nation remains down about 10 million jobs since the start of the Coronavirus pandemic.
Photo Credit: Cari Dobbins