US Jobless Rate Falls to 4.1%, Economy Adds 165,000 Jobs in October
The October jobs report showed 165,000 new positions added and unemployment at 4.1%, with manufacturing posting its tenth straight month of expansion.
The United States unemployment rate dropped to 4.1% in October as the economy added 165,000 jobs, Labor Secretary Keith Sonderling announced Friday in a statement accompanying the monthly Employment Situation Report.
Sonderling said the economy has generated more than 1.25 million new private-sector jobs since the start of the current administration, while the monthly job-creation pace has more than doubled what economists consider the breakeven threshold needed to absorb new labor-force entrants.
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Manufacturing showed particular strength, with the sector adding 19,000 positions in October alone and surpassing 100,000 new jobs for the full year 2026. The department said October marked the tenth consecutive month of manufacturing expansion, which Sonderling attributed to reshored production and large-scale domestic investment commitments secured under the current administration.
Initial weekly jobless claims fell to 189,000, matching the lowest level recorded since 1969, according to the statement. Sonderling cited the Working Families Tax Cuts as an additional driver of what he described as the strongest labor market in more than half a century.
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