US October Nonfarm Payrolls Rise by 165K, Beating 65K Forecast
US nonfarm payrolls rose by 165,000 in October, well above the 65,000 forecast, and September was revised up to 60,000. The unemployment rate fell to 4.1%, below the expected 4.2%, while wages grew 0.4% monthly and 3.1% annually, both above forecasts. A hot jobs print can push back rate-cut expectations, which matters for risk assets including crypto.
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