US adds 165,000 jobs in October, crushing forecasts as Dec rate hike bets grow
The US labour market delivered a stronger-than-expected performance in October, with employers adding significantly more jobs than economists had anticipated and the unemployment rate edging lower. The figures could complicate the Federal Reserve's efforts to bring inflation under control and strengthen the case for another interest rate increase before the end of the year. Nonfarm payrolls increased by a seasonally adjusted 165,000 in October, the Bureau of Labor Statistics reported on Friday. The figure was substantially higher than the Dow Jones...