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via cnbc.comEconomy

U.S. adds 165,000 jobs in October, far above expectations; unemployment rate at 4.1%

FROM THE WIRE · CNBC.COM

Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate held steady at 4.2%.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralA payrolls print far above consensus can shift Fed rate expectations and move yields and the dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Nonfarm payrolls rose by 165,000 in October.
  2. 02The expected increase had been 59,000 jobs.
  3. 03The unemployment rate is reported at 4.1%.

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