Today, the Bureau of Labor Statistics reported that the American economy added 261,000 jobs in the month of October, and the unemployment rate rose to 3.7% from 3.5%, continuing to remain near historic lows for the past several months. With an average of 289,000 jobs added per month over the past three months, this economy continues to produce steady, stable job growth that benefits workers and their families.
Growth Across Industries
October’s job gains were broad-based across industries, with notable growth in manufacturing and healthcare. Manufacturing grew by 32,000 jobs