The U.S. economy added 261,000 new jobs in October, while the unemployment rate fell to 4.1%, according to the Labor Department.

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Data: BLS; Chart: Andrew Witherspoon / Axios


  • September job gains were revised to show that 18,000 jobs were added rather than the 33,000 job loss previously reported. Therefore, the economy's streak of 85 months of job growth is alive and well.
  • The industry showing the strongest job growth was "food services and drinking places," with 89,000 new positions.
  • But as Jed Kolko, Chief Economist with points out, this is likely the effect of businesses reopening following severe hurricanes in Texas and Florida.
  • The return of these low paying gigs pulled down the wage growth overall, which was flat last month.

The bottom line: "The jobs market keeps humming along," said economist Justin Wolfers. The U.S. economy is adding jobs at a healthy clip, but not quickly enough to force employers to drastically raise wages.

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The Justice Department and 11 states Tuesday filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets.

Why it matters: The long-awaited suit is Washington's first major blow against the tech giants that many on both the right and left argue have grown too large and powerful. Still, this is just step one in what could be a lengthy and messy court battle.

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In photos: Florida breaks record for in-person early voting

Voters wait in line at John F. Kennedy Public Library in Hialeah, Florida on Oct. 19. Photo: Eva Marie Uzcategui/AFP via Getty Images

More Floridians cast early ballots for the 2020 election on Monday than in the first day of in-person early voting in 2016, shattering the previous record by over 50,000 votes, Politico reports.

The big picture: Voters have already cast over 31 million ballots in early voting states as of Tuesday, per the U.S. Elections Project database by Michael McDonald, an elections expert at the University of Florida.