Auto strikes in October hampered job growth and increased the unemployment rate to 3.9%. The Bureau of Labor Statistics reported a 150,000 nonfarm payroll growth, while manufacturing employment declined by 35,000 due to UAW strikes at three major automakers.

The data follows a strong September, but revisions removed 39,000 jobs.

Wages grew less than predicted, with monthly and annual growth falling.

Monthly labor force participation rate growth fell to 62.7%, and the average weekly hours dropped to 34.3. The report showed 58,000 healthcare employment gains and 51,000 government employment gains.

The Federal Reserve’s recent comments suggest it may not raise rates in December and may be done hiking rates this cycle.