US economy adds 165,000 jobs in October, blowing past expectations - Fox Business

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Kenny Polcari discusses the historical S&P 500 performance following midterm elections. He predicts the stock market will be higher in 12 months, continuing a trend seen in every midterm cycle since World War II. This story about the October 2026 jobs report will be updated with further details. The U.S. economy added jobs at a strong pace in October, rebounding from a softer September amid economic uncertainty. The Bureau of Labor Statistics on Friday reported that employers added 165,000 jobs in October. That figure was well above the 65,000 estimate of economists polled by LSEG. The unemployment rate decreased slightly to 4.1%, which was lower than the expectations of economists who predicted it would hold steady at 4.2%.