The White House says the job market is turning a corner and demand for workers is on the rise. "Demand for labor is skyrocketing," Kevin Hassett, director of President Trump's National Economic Council, said in an interview, noting that not only was the jobs report strong, but initial jobless claims are also at their lowest since World War II, and more people are leaving their jobs because they have higher confidence in finding a new one. But the big news out Friday: The economy added 165,000 jobs in October , compared with expectations of around 70,000, as the unemployment rate edged down to 4.1%, compared with expectations of 4.2%.
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