U.S. adds 150k jobs in October as labor market cools

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The unemployment rate edged up to 3.9%.

Share on email could endanger their ability to bring inflation down further, and so could raise interest rates again if the strong labor market generates further price pressures.

The change in the unemployment rate was accompanied by drops in the share of adults participating in the labor force, and the share of adults working dropped by 0.2 percentage points, unwelcome signs for labor supply.The government also revised August and September job growth downward, showing a combined 101,000 fewer positions added those months than earlier reported.Editor's note: This is a developing story. Check back for updates.

 

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