【U.S. October payrolls far exceed expectations】The U.S. Department of Labor reported on November 6 that nonfarm payrolls increased by 165,000 in October, far above market expectations of around 65,000 (59,000 expected in a Dow Jones survey); the unemployment rate fell from 4.2% to 4.1%. August and September figures were revised up by a combined 84,000. Professional and business services led the gains, adding 70,000 jobs. Average hourly earnings rose 0.4% month over month to $38, and 3.1% year over year. The strong jobs data could affect expectations for a Fed rate hike in December, with markets watching how it may spill over to risk assets. (Source: CNBC/U.S. Department of Labor, November 6, 2026)