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October Jobs Report: 128,000 Jobs Added, Unemployment At 3.6%

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Mary Margaret Olohan Social Issues Reporter

The U.S. economy added 128,000 jobs in October, while the unemployment rate rose to 3.6%, according to Department of Labor data released Friday.

Despite a General Motors strike, 128,000 jobs were added in October, according to the Bureau of Labor Statistics report — about 8,000 fewer jobs than were added in September.

Economists predicted the General Motors strike would heavily impact the October jobs report, predicting that only 89,000 jobs would be added and that unemployment would rise to 3.6%, according to CNN. The unemployment rate dropped to 3.5% in September, the lowest unemployment rate since December 1969. (RELATED: Unemployment Claims Hit 50-Year Low)

“Even though much of the expected October slowdown will likely be due to temporary factors, we don’t want to ignore the impact the trade fight is having on business job decisions,” Beth Ann Bovino, US chief economist for S&P Global Ratings, told CNN.

CHARLESTON, WV - MAY 05: Republican Presidential candidate Donald Trump shos off a hard hat during hie rally at the Charleston Civic Center on May 5, 2016 in Charleston, West Virginia. Trump became the Republican presumptive nominee following his landslide win in indiana on Tuesday.(Photo by Mark Lyons/Getty Images)

Republican Presidential candidate Donald Trump shows off a hard hat during a rally at the Charleston Civic Center on May 5, 2016 in Charleston, West Virginia. (Photo by Mark Lyons/Getty Images)

Economists also worried before the jobs report was released that the economy would lose jobs during October.

“Some months are just bad, while other months are just good — and usually it doesn’t matter,” Brad McMillan, chief investment officer for Commonwealth Financial Network, told CNN.

Job growth has come back strong after February, when just 33,000 jobs were added.

The unemployment rate has held steady between 4% and 3.7% for more than a year before the April jobs report showed it drop to 3.6%. Prior to April’s report, the consistent unemployment rate suggested that workers are jumping back into the workforce to fill open jobs, rather than the workers who are currently collecting unemployment welfare, according to The Wall Street Journal.

LANSING, MI - MARCH 10: A vehicle is welded by robot arms as it goes through the assembly line at the General Motors Lansing Delta Township Assembly Plant March 10, 2010 in Lansing, Michigan. The Delta plant has more than 3,000 workers on two shifts and is expected to add a third shift of 900-1,000 workers in April. The plant produces the Buick Enclave, Chevrolet Traverse, and GMC Acadia crossover SUVs. (Photo by Bill Pugliano/Getty Images)

A vehicle is welded by robot arms as it goes through the assembly line at the General Motors Lansing Delta Township Assembly Plant March 10, 2010 in Lansing, Michigan. (Photo by Bill Pugliano/Getty Images)

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