U.S. added 165,000 jobs in October, a positive update after the stock market purge
Channel: CBS News
Uploaded:
Duration not recorded
Read a transcript preview of “U.S. added 165,000 jobs in October, a positive update after the stock market purge” from CBS News, uploaded on 2026-11-06.
Transcript preview
Language: English (original, YouTube automatic captions)
[0:01] We start with the news on the economy
[0:03] and two major stories we're following
[0:05] this morning. The first, the new jobs
[0:06] report just dropped and it was much
[0:08] better than expected. It showed 165,000
[0:10] jobs added in October and the
[0:13] unemployment rate ticked down to 4.1%.
[0:16] The estimates were for only 59,000 new
[0:18] jobs, but investors are edging this
[0:21] morning, or rather hedging this morning,
[0:23] waiting to see if the bleeding has
[0:25] stopped on Wall Street. It was a massive
[0:27] sell-off yesterday with all three major
[0:29] indices taking heavy losses, none more
[0:32] than the tech heavy NASDAQ, which
[0:34] dropped more than 5%. We should note
[0:36] futures are trending higher at this
[0:37] point today. This largely is happening
[0:39] over fears of data center regulations
[0:41] with the new Congress and the l