![]() The unemployment rate rose from 3.8% to 3.9% in October. ![]() The strikes ended this week with tentative settlements in which the companies granted significantly better pay and benefits to the union's workers. Last month's job growth, though down sharply from a robust 297,000 gain in September, was solid enough to suggest that many companies still want to hire and that the economy remains sturdy.Īnd job growth would have been higher in October if not for the now-settled United Auto Workers' strikes against Detroit's automakers. The nation's employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers. ![]() ![]() United States employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, down from a robust 297,000 gain in September. ![]()
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