Photo: Attendees at a career fair at a community college in Bolivia, North Carolina. Photographer: Allison Joyce/Bloomberg. Attendees at a career fair at a community college in Bolivia, North Carolina. Photographer: Allison Joyce/Bloomberg.

U.S. hiring advanced at the slowest pace since 2020, even though the unemployment rate remained low in October, a month distorted by severe hurricanes and a major strike at Boeing Co.

Non-farm payrolls increased by just 12,000 last month, and hiring over the previous two months was weaker than previously thought, suggesting that the underlying labor market is continuing to cool. But the unemployment rate held at 4.1 percent, and hourly earnings ticked up, according to Bureau of Labor Statistics (BLS) figures released Friday.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

News