U.S. Hiring Slows, a Sign Economy Is Cooling After Hot Summer

Hiring slowed sharply in October, a sign the economy is cooling this fall following a hot stretch over the summer.

U.S. employers added 150,000 jobs in October, down from the previous month’s revised gain of 297,000, the Labor Department said Friday. That was the smallest gain since June, with automakers having around 33,000 fewer workers on payroll because of the United Auto Workers strike. The unemployment rate rose to 3.9% from 3.8% the prior month.