NPR

Job Market Resilient In October Despite GM Strike, Beating Expectations

U.S. employers added 128,000 jobs last month. The unemployment rate inched up to 3.6%. The drop in job creation reflects a slowing economy, but a strike at General Motors was also a factor.
Workers assemble engines along the line at a General Motors plant in Spring Hill, Tenn. A nationwide strike by the United Automobile Workers at GM plants didn't hurt U.S. job growth in October.

Updated at 12:10 p.m. ET

U.S. employers added 128,000 jobs in October as the unemployment rate inched up to 3.6%.

Friday's report from the Labor Department suggests job growth remains resilient, despite the ongoing trade war and temporary setbacks such as the United Auto Workers strike at General Motors, which was settled a week ago.

You’re reading a preview, subscribe to read more.

More from NPR

NPR5 min readWorld
Violence Erupts At UCLA As Protests Over Israel's War In Gaza Escalate Across The U.S.
Members of pro-Palestinian and pro-Israel groups in Los Angeles clashed, with reports of fireworks and pepper spray use. Elsewhere, universities are tearing down encampments and arresting students.
NPR3 min readAmerican Government
NPR Poll: Democrats Fear Fascism, And Republicans Worry About A Lack Of Values
A new 2024 election poll from NPR/PBS NewsHour/Marist shows fundamental divides over concerns for America's future and what to teach the next generation.
NPR2 min readFinance & Money Management
Fed Keeps Interest Rates At 23-year High
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.

Related Books & Audiobooks