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Jobs Report: U.S. added 128,000 jobs in October

Jobs report surprise: 128,000 jobs in October
Posted at 5:39 AM, Nov 01, 2019
and last updated 2019-11-01 11:07:13-04

WASHINGTON (AP) — U.S. employers added a solid 128,000 jobs in October, a figure that was held down by a now-settled strike against General Motors that caused several thousand workers to be temporarily counted as unemployed.

The Labor Department says the unemployment rate ticked up from 3.5% to 3.6%, still near a five-decade low. For the second straight month, average hourly wages rose 3% from a year ago.

The GM strike contributed to the loss of 41,600 auto factory jobs in October. But the settlement will likely lead to a rebound in the coming months. The report revised upward job gains in the prior two months by a combined 95,000, suggesting a healthier job market than initially believed.

Still, hiring has slowed this year. Gains averaged just 167,000 in the past 10 months, down from a monthly average of 223,000 in 2018, according to Labor Department figures.