#CanUSStocksReboundAfterNonfarmPayrolls? $SPY
US October Payrolls Smash Expectations
🔹 Nonfarm payrolls +165k vs +65k expected
🔹 September revised up to +60k from +29k
🔹 Unemployment rate 4.1% vs 4.2% expected
🔹 Private payrolls +159k vs +64k expected
🔹 Manufacturing jobs +19k vs +5k expected
🔹 Avg hourly earnings +0.4% m/m vs +0.3% expected
🔹 Earnings +3.1% y/y vs +2.9% expected
🔹 Participation rate 61.9% vs 61.8% expected
Biggest jobs gain since March and the unemployment rate just ticked lower. Soft landing or still running hot?$SPY
US October Payrolls Smash Expectations
🔹 Nonfarm payrolls +165k vs +65k expected
🔹 September revised up to +60k from +29k
🔹 Unemployment rate 4.1% vs 4.2% expected
🔹 Private payrolls +159k vs +64k expected
🔹 Manufacturing jobs +19k vs +5k expected
🔹 Avg hourly earnings +0.4% m/m vs +0.3% expected
🔹 Earnings +3.1% y/y vs +2.9% expected
🔹 Participation rate 61.9% vs 61.8% expected
Biggest jobs gain since March and the unemployment rate just ticked lower. Soft landing or still running hot?$SPY