US employers added 165,000 jobs in October, more than double what Wall Street expectedThe unemployment rate fell to 4.1%…
US employers added 165,000 jobs in October, more than double what Wall Street expected
The unemployment rate fell to 4.1% from 4.2%, beating the 4.2% forecastAverage hourly earnings rose 0.4% on the month and 3.1% over the past year, both hotter than expectedAugust and September were revised up by a combined 84,000 jobsProfessional and business services led with +70,000, followed by health care (+42,000), transportation and warehousing (+25,000), and manufacturing (+19,000)December Fed hike odds jumped to about 80% after the print, up from the mid-70s going into the reportThe labor market just handed the Fed more room to focus on inflation, even after this week's AI crash wiped trillions off $QQQSource: StockMarket.News
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