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US adds 165,000 jobs in October, beating forecasts

· Washington, United States of America · single source so far

The Bureau of Labor Statistics reports unemployment slipped to 4.1%. The report describes a sluggish but stable labour market amid the Middle East war and inflation, with an interest rate hike expected in December.

Location
Washington, United States of America · United States of America live map
Coordinates
38.90°N 77.04°W
Reported
6 Nov 2026, 13:42 UTC
Category
Economy
Impact
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Situation
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US adds 165,000 jobs in October as global tech stocks slide after midterms

The Bureau of Labor Statistics reported on Friday that the US added 165,000 jobs in October, beating forecasts, with unemployment slipping to 4.1%. The report describes a sluggish but stable labour market amid the Middle East war and inflation, with an interest rate hike expected in December. Earlier on Friday, a tech sell-off that began on Wall Street on Thursday spread to Asia and Europe, with the FTSE 100 down 1.5% at the open. Investors cite fears of a slowdown in the AI industry after the Democrats' midterm win.

  • Unemployment slipped to 4.1% in October, according to the Bureau of Labor Statistics.
  • Tech shares fell sharply in Seoul and Tokyo on Friday as investors feared tighter AI rules, with many winning Democratic candidates pledging to curb data centre development.
  • SpaceX shares fell sharply on Thursday as tech and AI stocks declined.
  • Earlier in the week, the dollar hit a one-month low and investors moved from AI stocks into government bonds after Democrats won the House and Senate.
Updated 6 Nov 2026, 14:39 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

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