U.S. Adds 165,000 Jobs; Unemployment Falls to 4.1% — SkimNews
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- U.S. added 165,000 jobs in October, exceeding the 65,000 estimate.
- Unemployment rate unexpectedly fell to 4.1%, putting a December rate hike in play as next week’s inflation figures and stock-market performance were flagged as potentially more important.
Why it matters: For U.S. workers, October brought 165,000 added jobs against a 65,000 estimate and an unexpected drop in unemployment to 4.1%. That strength put a December rate hike in play, while next week’s inflation figures and stock-market performance were identified as the more important variables.
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