US added 150,000 jobs in October as pace of growth slows sharply

Market cools as number of jobs added comes in lower than the 180,000 that economists had been expecting

The US added another 150,000 jobs in October amid signs that the white-hot US jobs market is cooling. The unemployment rate rose to 3.9%.

Economists had been expecting the US to add 180,000 jobs over the month. The pace of job growth slowed sharply from September when the economy added a revised 297,000 – a still impressive figure and far higher than had been expected.