U.S. economy added 165,000 jobs in October, way more than expected; unemployment rate slips to 4.1%
The U.S. economy added jobs at a much stronger-than-expected pace in October, while the unemployment rate moved lower as the labor market showed surprising strength.
... In addition to the strong payroll gains for October, prior months were revised up substantially: The August figure moved to 186,000, an upward revision of 53,000, while the September count shifted to 60,000 following an upward revision of 31,000.
Payroll gains also came in better than forecast. Average hourly earnings increased 0.4% on the month and 3.1% annually, compared with respective estimates for 0.3% and 2.9%. The average workweek was unchanged at 34.4 hours. ...



















