[CoinDesk] U.S. added 165,000 jobs in October, blowing past 65,000 estimate

U.S. employers added 165,000 jobs in October, far exceeding the 65,000 consensus estimate. The stronger-than-expected payrolls report suggests the labor market remains resilient despite elevated interest rates. Markets will likely look past the jobs data, however, as inflation figures and equity performance take precedence in shaping the Federal Reserve's rate path. The surprise upside matters because it complicates the case for near-term rate cuts. Next up, investors will watch the upcoming inflation print and stock market moves for clearer signals on Fed policy.