The Economy Gains 261,000 Jobs in October, and Unemployment Was Little Changed at 4.1%

The U.S. economy gained 261,000 jobs in October, and unemployment was little changed at 4.1%, according to figures released this morning by the U.S. Bureau of Labor Statistics. This continues the recovery of the labor market at a tempered rate, which means the Federal Reserve’s Open Market Committee should continue to let the economy grow and not raise interest rates.