The latest Labor Department report comes after months of slow hiring.
November 5, 2021, 12:39 PM
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Share to FacebookShare to TwitterEmail this articleHiring gained steam in October, with U.S. employers adding 531,000 jobs and the unemployment rate edging down by a fraction of a percentage point to 4.6%, the Department of Labor said Friday.
Job growth was widespread -- with major gains in leisure and hospitality, professional and business services, manufacturing, and in the transportation and warehousing sectors -- the DOL said, indicative of the the post-pandemic recovery gaining steam in the labor market after months of disappointing hiring figures.
The pre-pandemic unemployment rate in February 2020 was 3.5%.
A "Now Hiring" sign faces Interstate I-44 in Tulsa, Okla., Oct. 26, 2021.
This is a developing story. Please check back for updates.
