US Nonfarm Payrolls Rise by 165K in October, Exceeding Expectations
In October, US Nonfarm Payrolls increased by 165,000 jobs, significantly surpassing the expected 65,000. This stronger-than-anticipated jobs report also contributed to a rise in the 10-year Treasury yield. The unemployment rate fell to 4.1%, indicating a robust labor market performance for the month.
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