A post by @DeItaone on X.
US OCT. NONFARM PAYROLLS RISE 165,000 M/M; EST. +70K
@DeItaone on X
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US October nonfarm payrolls rose 165,000 month-over-month, more than double the 70,000 consensus estimate, while the unemployment rate edged down to 4.1% versus the 4.2% expected. A net two-month payroll revision added a further 84,000 jobs, reinforcing the upside surprise. The stronger-than-expected labor data matters because it signals continued resilience in the US jobs market, which could influence Federal Reserve rate expectations. Markets will now watch upcoming inflation prints and Fed commentary for confirmation of whether this strength shifts the policy outlook.
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Named in this story
US Bureau of Labor Statistics, Walter Bloomberg