U.S. employers added 165,000 jobs in October, surpassing forecasters' expectations and marking a strong gain after months of sharp swings in hiring.

The Labor Department released the October 2026 jobs report on Friday which showed employers added 165,000 jobs amid economic uncertainty.

The U.S. economy added 165,000 jobs in October, a surprise that far outpaced expectations by economists and analysts. The unemployment rate in October dropped to 4.1%, extending a near-historically low streak.

U.S. employers added 165,000 jobs in October, more than economists expected. The unemployment rate fell to 4.1%.

The way I look at the jobs report is that there has been, not only in the jobs, but in inflation and other metrics, we've seen a lot of volatility in month-to-month dat

Traders added to bets that the Federal Reserve will deliver a second interest-rate hike in December after a government report on Friday showed stronger-than-expected job gains last month.

Traders added to bets that the ​Federal Reserve will deliver ‌a second interest-rate hike in December after a ​government report on ​Friday showed stronger-than-expected job ⁠gains last month.

The October jobs report should show a stable labor market, giving the Federal Reserve the green light to raise interest rates next month.

The central bank said that inflation would climb to about 5 percent next year, far above its target, because of higher energy prices driven by the war in Iran.

The Bank of England is set to raise interest rates for the first time in three years on Thursday, as it battles to bring rising inflation under control. Economists expect the BoE to raise interest rates by a quarter point to 4 per cent,

The rate has been held at 3.75% at the Bank's last six meetings, but in September its governor hinted at a possible rise if energy costs stayed high.

The Bank of England has raised interest rates to 4%, increasing payments for tracker mortgage borrowers by an average £30.72 a month.

Global oil prices traded at the lowest levels in more than two months on Thursday, following a massive post-election slump that dragged Brent crude below the $100-a-barrel mark, as investors bet that a sweeping Democratic win in U.

Oil prices rose on Friday, recovering some of their recent losses after a turbulent week marked by the US midterm elections and uncertainty over the course of the war between the United States and Iran.

Oil prices held near a two-month low after tumbling more than 8% in the previous session on hopes the Democratic sweep in the U.S. elections could accelerate an end the Iran war.

Strategists at Bank of America found a dramatic correlation between interest rates and oil prices in the U.S., U.K. and Germany.