The US economy added 261,000 jobs in October while unemployment jumped to 3.7%

The US economy added 261,000 jobs in October and the unemployment rate rose to 3.7%, according to the latest monthly employment snapshot from the Bureau of Labor Statistics released Friday morning.

The total job gains were lower than the revised September number of 315,000, and above the 200,000 forecast from economists surveyed by Refinitiv.

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