Unemployment rate stays at 3.7% as 250K jobs added in October

(WASHINGTON) — U.S. employers added 250,000 jobs to their payrolls in October, the Labor Department reported Friday morning, exceeding economists’ expectations.

The Bureau of Labor Statistics said most of the jobs occurred in health care, manufacturing, construction, and transportation and warehousing.

The unemployment rate, meanwhile, remained unchanged, holding steady at 3.7 percent — a 49-year low.

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