‼️US JOBS REPORT SMASHES FORECASTS — FED RATE HIKE ODDS IN FOCUS
The US economy added 165,000 jobs in October, nearly triple the 59,000 expected, while unemployment fell to 4.1%, beating the 4.2% consensus.
🔸 Nonfarm payrolls: +165K vs. +59K expected
🔸 Unemployment rate: 4.1% vs. 4.2% expected
🔸 Private-sector payrolls: +159K
🔸 Government payrolls: +6K
🔸 Hourly earnings: +0.4% monthly, +3.1% annually
🔸 Labor-force participation: 61.9%
🔸 Average workweek: 34.4 hours
🔸 August/September revisions: +84K combined
Where jobs were created:
🔸 Professional and business services: +70K
🔸 Health care: +42K
🔸 Transportation and warehousing: +25K
🔸 Manufacturing: +19K
One warning sign: The number of people working part-time for economic reasons rose by 339,000 to 4.8 million, suggesting some underlying labor-market weakness.
US JOBS SURGE. FED HIKE ODDS REBOUND.
October payrolls jumped 165,000, nearly triple the 59,000 forecast, while unemployment fell to 4.1%.
Prediction markets now price a 79% chance of a December Fed hike, up from 67%, with hold odds retreating to 22%.
Strong hiring puts renewed pressure on the Fed to tighten.
$BTC
$ETH
$XAU
#CanUSStocksReboundAfterNonfarmPayrolls?
The US economy added 165,000 jobs in October, nearly triple the 59,000 expected, while unemployment fell to 4.1%, beating the 4.2% consensus.
🔸 Nonfarm payrolls: +165K vs. +59K expected
🔸 Unemployment rate: 4.1% vs. 4.2% expected
🔸 Private-sector payrolls: +159K
🔸 Government payrolls: +6K
🔸 Hourly earnings: +0.4% monthly, +3.1% annually
🔸 Labor-force participation: 61.9%
🔸 Average workweek: 34.4 hours
🔸 August/September revisions: +84K combined
Where jobs were created:
🔸 Professional and business services: +70K
🔸 Health care: +42K
🔸 Transportation and warehousing: +25K
🔸 Manufacturing: +19K
One warning sign: The number of people working part-time for economic reasons rose by 339,000 to 4.8 million, suggesting some underlying labor-market weakness.
US JOBS SURGE. FED HIKE ODDS REBOUND.
October payrolls jumped 165,000, nearly triple the 59,000 forecast, while unemployment fell to 4.1%.
Prediction markets now price a 79% chance of a December Fed hike, up from 67%, with hold odds retreating to 22%.
Strong hiring puts renewed pressure on the Fed to tighten.
$BTC
$ETH
$XAU
#CanUSStocksReboundAfterNonfarmPayrolls?
