The U.S. economy added 261,000 jobs in October, according to the monthly employment report released today by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). This seasonally adjusted figure is 137,000 jobs greater than a year prior, when 124,000 jobs were added. This October’s reading is also 243,000 positions greater than September’s upwardly revised report of 18,000 jobs added. These numbers “mostly [offset] a decline in September that largely reflected the impact of Hurricanes Irma and Harvey,” according to a BLS release.
Unemployment continued to fall in October, reaching 4.1 percent, its lowest level since December 2000.