Jobs report shows U.S. economy added 165,000 jobs in October, exceeding experts' expectations - ABC13 Houston

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HOUSTON, Texas (KTRK) -- The much-anticipated October jobs report was released on Friday morning. The October jobs report offered the first glimpse of labor market strength after the 2026 midterm election. The U.S. economy added 165,000 jobs in October, which is more than was expected, according to the U.S. Bureau of Labor Statistics. Labor market experts expected the economy to add around 60,000 jobs in October. The unemployment rate dipped to 4.1%, from 4.2%, according to the BLS. “Over the last three months, the average number of jobs added each month is 137,000, and that’s a really strong number, and that tells us the labor market is healthy,” Rice University’s Baker Institute, Director, Center for Tax and Budget Policy John Diamond, Ph.D. said.