U.S. adds 638,000 jobs in October, unemployment rate drops to 6.9%, report
The coronavirus has hurt the global economy
The U.S. adds 638,000 jobs in October, unemployment rate drops to 6.9%, the federal government reported Friday.
The number exceeded analysts predictions of roughly 530,000 new jobs. The jobless rate dropped from from 7.9 percent, according the Bureau of Labor Statistics report.
The U.S. and global economies have struggled during the roughly eight months of the coronavirus pandemic.
Senate Majority Leader Mitch McConnell said Wednesday that passing another coronavirus stimulus package will be a top priority when the Senate returns Monday and expressed optimism about achieve that goal in a less-political-charged, post-election environment.
News, not Noise
- Outrageous tab: Minnesota school charges $901,000 for critical race theory records
- 'Laptop from Hell' author: Biden lied about not knowing of 'Hunter's overseas business dealings'
- Discovery of 200,000-year-old bones could shed light on recent human ancestors
- Court denies Biden administration's attempt to stay hold on vaccine mandate
- GOP candidate declared winner in Virginia state House race, Republicans will gain control of chamber