WASHINGTON — U.S. employers added a solid 261,000 jobs in October in a bounce-back from the hurricanes that slammed the Southeast in September.
The unemployment rate declined to 4.1 percent, the lowest in nearly 17 years, from 4.2 percent in September, the Labor Department said Friday. But the drop in the rate occurred mostly because many people stopped looking for work and so were no longer counted as unemployed.
Thank you for reading The Columbian.
Subscribe for only $99/year to get unlimited access.
Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.
Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.
