America’s employers added more than half a million jobs in October, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown.
The report, issued by the Department of Labor on Friday, also showed that the overall unemployment rate fell from 4.8% to 4.6%. That is a comparatively low level, but still well above the pre-pandemic jobless rate of 3.5%. This follows two months of a disappointing rate of hiring.
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