US nonfarm payrolls rise 165K, beat 65K forecast US nonfarm payrolls rose 165,000 in October, beating expectations of 65,000, according to the Bureau of Labor Statistics. The September figure was revised upwards from 29,000 to 60,000. The unemployment rate fell to 4.1%, below the forecast of 4.2% and the previous reading. Average hourly earnings rose 0.4% month-over-month and 3.1% year-over-year, both above expectations of 0.3% and 2.9%, respectively. - Link.

US nonfarm payrolls rise 165K, beat 65K forecast US nonfarm payrolls rose 165,000 in October, beating expectations of 65,000, according to the Bureau of Labor Statistics. The September figure was revised upwards from 29,000 to 60,000. The unemployment rate fell to 4.1%, below the forecast of 4.2% and the previous reading. Average hourly earnings rose 0.4% month-over-month and 3.1% year-over-year, both above expectations of 0.3% and 2.9%, respectively. - Link.