U.S. Adds 638,000 Jobs; Unemployment Rate Drops

U.S. payrolls increased by 638,000 in October, as the pace of the labor market recovery continues to stall, according to the latest report from the Bureau of Labor Statistics. About half of the 22 million workers furloughed or laid off at the onset of the pandemic in March and April have now been rehired.
Source: New feed 2