Friday, June 2, 2023 | The Latest Buzz for the Appraisal Industry

Surprisingly Strong Job Gains in October as Unemployment Bobbed Back Up to 3.7 Percent 

The U.S. economy added 261,000 jobs in October, stronger than expected, while the unemployment rate increased slightly to 3.7%, up from 3.6% the previous month, according to the U.S. Bureau of Labor Statistics.

Notable job gains occurred in health care, professional and technical services, and manufacturing.

The number of unemployed persons increased 306,000 to 6.1 million.

The unemployment rate has been in a narrow range of 3.5% to 3.7% since March.

The number of

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