US employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1% - ABC7 Bay Area

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The report comes after the Republicans' stunning defeat in the 2026 midterms The U.S. job market likely bounced back last month from a disappointing September . Layoffs are low, and most Americans enjoy unusual job security . But hiring has probably remained too modest to deliver much relief to those looking for work. And wage gains haven’t been keeping up with persistently high inflation . Labor Department revisions added 84,000 new jobs in August and September. The unemployment rate fell even though 421,000 people entered the labor force. But hourly wages rose a meager 3.1% from October 2025, with many families struggling to keep up with inflation.