US economy adds 261,000 jobs in October, unemployment rate rises to 3.7%

The New York skyline is seen from Sunset Park, Wednesday, Oct. 26, 2022, in the Brooklyn borough of New York. (Photo: AP)

US job gains topped expectations in October, as hiring rose at a solid pace, even as the unemployment rate edged up, according to the closely-watched US employment report Friday.

Employers added 261,000 workers last month, far higher than economists had forecast, while the jobless rate rose two-tenths to 3.7 percent, the Labor Department said.

There were notable job gains in health care, professional and technical services, and manufacturing, the report said.