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晚风Vesper_1688
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U.S. October Nonfarm Payrolls Far Exceed Expectations! Odds of a Fed Rate Hike in December Rise
The U.S. labor market delivered unexpectedly strong signals. Nonfarm payroll growth in October far exceeded economists’ expectations, while the unemployment rate also fell, showing that the U.S. jobs market remains resilient despite high inflation, adjustments in business investment, and ongoing uncertainty over economic policy.
Data released Friday by the U.S. Bureau of Labor Statistics showed that nonfarm payrolls increased by 165,000 in October, exceeding the market expectation of 65,000. The unemployment rate fell to 4.1% from 4.2% in September, also beating market expectations.
Average hourly earnings, closely watched by Wall Street, rose 3.1% year over year, above the market expectation of 2.9% and staying above the 3% threshold; the monthly rate edged up to 0.4% from 0.3% previously.
Data released Friday by the U.S. Bureau of Labor Statistics showed that nonfarm payrolls increased by 165,000 in October, exceeding the market expectation of 65,000. The unemployment rate fell to 4.1% from 4.2% in September, also beating market expectations.
Average hourly earnings, closely watched by Wall Street, rose 3.1% year over year, above the market expectation of 2.9% and staying above the 3% threshold; the monthly rate edged up to 0.4% from 0.3% previously.
