The U.S. economy added 531,000 jobs in October, as the unemployment rate fell to 4.6%, a rebound from lackluster numbers over the late summer. The numbers were good news for Joe Biden’s admin…
cases due to the Delta variant slowed economic growth, and many companies put off plans for a full return to the workplace.
Biden is expected to address the jobs report later on Friday. White House Deputy Press Secretary Karine Jean-Pierre touted progress on jobs at the briefing on Thursday.The Labor Department pointed to significant job gains in leisure and hospitality, professional and business services, transportation and warehousing.
The job gains were ahead of analysts’ expectations, a turnaround from recent months, when the employment reports triggered angst that the economy was slowing. The Labor Department revised upward the job gains from September, to 312,000.
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