U.S. employers added 261,000 jobs in October, and the jobless rate rose to 3.7 percent. Total compensation for civilian workers rose 5 percent in the third quarter over the same period from 2021, indicating that the labor market remains strong, according to the report.
The labor-force participation rate measures the share of adults working or looking for work, decreased to 62.2 percent in October from 62.3 percent in September.
