US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates
Workers pour concrete to create part of a bus stop in the Manhattan borough of New York City on Thursday, October 12, 2023. On Friday, the U.S. government issues the October jobs report. (AP Photo/Ted Shaffrey)
WASHINGTON (AP) — The nation's employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers.
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