Brown | Afp | Getty ImagesThe job market continues to show signs of cooling, but alarm bells aren't ringing just yet, economists said.
The unemployment rate rose to 3.9% in October, from 3.8% in September, the BLS said.
"There's almost no exception in this report: Every indicator suggests a slowing, slackening labor market," she said.
"The days of explosive growth are gone, as the labor market shifts into healthier and more sustainable territory," said Noah Yosif, lead labor economist at UKG, a payroll and shift management company.
The rise in the unemployment rate may also just be a sign that the extremely hot labor market is loosening a bit, Bunker added.
Persons:
Frederic J, Brown, Julia Pollak, Pollak, Noah Yosif, Aaron Terrazas, Terrazas, Andrew Hunter, Nick Bunker
Organizations:
Afp, Getty, U.S . Bureau of Labor Statistics, BLS, Workers, Finance, Union, Capital Economics
Locations:
Los Angeles, U.S