#USJobsBeatExpectations

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About USJobsBeatExpectations

US nonfarm payrolls rose by 165K in October, far above the 65K forecast, while unemployment fell to 4.1%, below the 4.2% expected. August and September payroll gains were revised up by a combined 84K. Average hourly earnings increased 0.4% MoM, adding to the stronger-than-expected report. Treasury yields rose as markets reassessed the prospect of a December Fed rate hike.

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