US economy outstrips forecasts to add 165,000 jobs in October
Headline from Financial Times · First reported Nov 6, 10:53 AM ET () · Updated Nov 6, 5:16 PM ET · 3 sources, 3 articles
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What's being reported
Hiring rebound reinforces expectations Federal Reserve will raise interest rates
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US economy outstrips forecasts to add 165,000 jobs in October
Hiring rebound reinforces expectations Federal Reserve will raise interest rates
U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%
Nonfarm payrolls were expected to increase by 59,000 in October as the unemployment rate was expected to hold steady at 4.2%.
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