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U.S. employers added 165,000 jobs in October, beating forecasts

Hiring was much stronger than expected, unemployment slipped to 4.1%, and hourly pay rose 3.1% over the year.

  • ■Nonfarm payrolls rose by 165,000, far above the 59,000 forecast.
  • ■The unemployment rate edged down to 4.1%.
  • ■Average hourly earnings rose 0.4% in October and 3.1% over the year.

3h ago · 1 min brief