US Economy Adds Fewer-Than-Expected 150,000 New Jobs in October

The US economy added fewer jobs than economists expected, showing that the labor market could be slowing down.

A hiring sign at a grocery store in Arlington Heights, Ill., on Dec. 27, 2022. Nam Y. Huh/AP Photo

The U.S. economy created 150,000 new jobs in October, falling short of the consensus estimate of 180,000, according to the Bureau of Labor Statistics.

Meanwhile, officials revised the August and September numbers downward by 62,000 and 39,000, respectively. So far this year, eight of the past nine months have seen lower revisions.