The US unemployment rate fell to 4.6% in October

Washington, November 5 (EFE). The unemployment rate in the United States fell to 4.6% in October, two dozen less than the previous month, and the economy added 531,000 jobs, the Bureau of Labor Statistics (BLS) reported today.

The October unemployment level was the lowest since March 2020 when the Covid-19 pandemic hit the US labor market, sending the unemployment rate to more than 14% of the workforce.

However, the unemployment rate remains above the 3.5% average in the months leading up to the pandemic.

Last month, the private sector created 604 thousand new jobs, while the public sector destroyed 73 thousand.

Meanwhile, salaries rose 0.4% in October and increased 4.9% in one year in the past 12 months, according to the official report.

The number of unemployed people in October was 7.4 million, down 255,000 from the previous month. EFE

jab / afs / ltm

© EFE 2021. Redistribution and redistribution of all or part of the contents of the Efe Services, without the prior and express consent of EFE SA, is expressly prohibited.