#非农就业数据推升加息预期

October nonfarm payrolls added 165,000.
Expected: 65,000, a difference of 100,000.
More than triple the monthly average of 48,000.

Unemployment rate: 4.1%, versus 4.2% expected.
Hourly wages: +0.4% month over month, +3.1% year over year.
Expected: 0.3% and 2.9%.
August and September revised up by 84,000.
Construction, retail, and leisure and hospitality were all unchanged.

Professional and business services added 70,000.
The monthly average over the past 12 months was 15,000.
Unemployment fell from 4.2% to 4.1%, while the participation rate rose from 61.8% to 61.9%—the labor supply is replenishing.

The crack is in U6.
U6 jumped from 7.6% to 7.9%.
In December: a rate hike, or a delay?

#美联储会议 #美股超话