US Economy Adds 165,000 Jobs in October, Blowing Past 65,000 Estimate
Key Highlights: U.S. nonfarm payrolls surged by 165,000 in October, substantially beating the projected 65,000 additions, while September gains were revised up to 60,000. The nationwide unemployment rate ticked down to 4.1%, accompanied by stronger-than-expected average hourly wage growth of 0.4% month-over-month. Treasury yields climbed as market participants reassessed Federal Reserve monetary policy odds ahead ...