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.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
