US: 165,000 jobs added to economy in October

Official data indicates unexpected growth in the US labor market, exceeding analysts' projections.

The US economy added 165,000 jobs in October, a figure that exceeded market expectations. According to government data released today (Friday), the unemployment rate in the country dipped to 4.1 percent, as reported by the South China Morning Post and Calcalist. The relative stability of the labor market allows the US Federal Reserve to prioritize fighting stubborn inflation, aiming for a long-term target of 2 percent while ensuring maximum employment. These strong figures could increase pressure on the central bank regarding interest rate policy. Further details have not yet been released.