According to the statistics of the US Bureau of Labor Statistics, the US economy only added 0.012 million non-farm jobs in October this year, far below the revised 0.223 million in September and the market's forecast of 0.113 million job opportunities. It is the lowest employment growth rate since December 2020. The figure is also far below the average monthly increase of 0.194 million in the past 12 months.

Employment in medical care (0.052 million) and government (0.04 million) continues to rise. In contrast, the temporary help services sector reduced 0.049 million jobs, manufacturing employment decreased by 0.046 million, with a decrease of 0.044 million jobs in the transportation equipment manufacturing industry, mainly due to the strike at Boeing (BA.US).

In October, the US unemployment rate was 4.1%, unchanged from the three-month low of the previous month, meeting market expectations. The number of unemployed persons remains at 7 million. Meanwhile, the labor force participation rate dropped by 0.1 percentage point to 62.6%.