On Friday the Labor Department said US employers added 165,000 jobs in October. Unemployment, the share of people who want work but cannot find it, eased to 4.1 percent. AFP reported that experts had expected only 65,000 new jobs.
Hospitals, factories and transportation companies hired more people, while restaurants and construction companies let workers go. Average hourly earnings rose 3.1 percent over the past year.
Prices rose faster. Inflation, the rise in prices over time, reached 3.7 percent in September. So most workers can buy a little less than before.
The Federal Reserve, the US central bank, raised its main interest rate in September. Its next decision is on December 8-9.