Job growth has slowed down significantly compared to earlier in 2021, with the US economy now adding around 239,000 jobs per month. The recent jobs report showed that the US economy added 150,000 jobs last month, falling below expectations but still indicating solid employment growth. The unemployment rate also increased to 3.9%, the highest level since January 2022. Federal Reserve officials are hoping for a slowdown in job growth to help control inflation. October's job gains were the lowest since June, mainly due to a decline in the manufacturing sector caused by strike activity. Despite the slowdown, the job market remains robust and well above the rate needed to keep up with population growth.
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