U.S. added 165,000 jobs in October, blowing past 65,000 estimate
The unemployment rate unexpectedly fell to 4.1% as the labor market bounced back in a big way from a soft September showing.
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The unemployment rate unexpectedly fell to 4.1% as the labor market bounced back in a big way from a soft September showing.
Crypto prices are sliding on the news, with bitcoin falling back to $79,000.
Crypto prices are sliding on the news, with bitcoin falling back to $79,000.
A rate hike in December remains likely as the U.S. central bank continues to focus on inflation, which remains well above its 2% target.
The news could put multiple rate hikes by the Federal Reserve back into play.