Economy

Hiring jumps: The economy added 165,000 jobs last month November 6, 20268:49 AM ET

Scott Horsley

U.S. employers added 165,000 jobs in October as the unemployment rate fell to 4.1%. The warehouse and transportation industry added 25,000 jobs during the month. Scott Olson/Getty Images North America hide caption

Scott Olson/Getty Images North America

The U.S. job market picked up steam last month.

Employers added 165,000 jobs in October, according to a report Friday from the Labor Department. The unemployment rate dipped to 4.1%, from 4.2% the previous month.