U.S. adds 165,000 jobs in October as hiring rebounds

WASHINGTON (Gray DC) - U.S. job growth accelerated in October, beating economists’ expectations, while the unemployment rate edged lower.Employers added a seasonally adjusted 165,000 jobs, the Bureau of Labor Statistics reported Friday. That was nearly three times the 59,000 economists surveyed by Dow Jones had expected, according to CNBC.The unemployment rate fell from 4.2% in September to 4.1% in October. However, the U-6 rate, a broader measure of unemployment that also includes discouraged workers and people working part time for economic reasons, rose from 7.6% to 7.9%. The report, released three days after the midterm elections, also showed stronger job growth in the months leading up to the vote. The bureau revised August’s job gains upward by 53,000, from 133,000 to 186,000. It revised September’s gains upward by 31,000, from 29,000 to 60,000. Together, the revisions show employers added 84,000 more jobs over those two months than previously reported.Professional and business s