Economy

Here’s where the jobs are for October 2023 — in one chart

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U.S. payrolls increased by 150,000 in October, less than expected

The October jobs report showed a cooling labor market in the U.S., with many sectors showing minimal or negative growth as the economy added a relatively meager 150,000 jobs overall.

A bright spot came in health care and social assistance, which added more than 77,000 jobs. Within that, ambulatory health care gained 32,000 jobs.

If private education was included in that category, as some economists choose to do, there would have been 89,000 jobs added in that group.

Government employment grew by 51,000, making it the second-strongest category in October. That sector has now returned to its pre-pandemic level, the U.S. Bureau of Labor Statistics said in the report.

“It’s usually a bad thing…



Source cnbc.com

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