US economy added 165,000 jobs in October, showing surprising strength

The US economy added 165,000 jobs in October, demonstrating surprising strength and exceeding expectations. This positive update follows a stock market purge driven by AI fears. Economists describe the current situation as a low-hire, low-fire environment. In this state, employers are reluctant to terminate existing workers but are not rushing to hire new staff. The latest jobs report provides a favorable outlook immediately after a period of significant stock market volatility and decline.