🇺🇸‼️🚨 JOBS SMASH FORECASTS The US added 165,000 jobs in October, nearly triple the roughly 60,000 to 70,000 Wall Street expected. Unemployment fell to 4.1%, and wages rose 3.1% from a year earlier. Unemployment is 3.9% for adult men and 3.6% for adult women. Growth was broader than usual: professional and business services led with 70,000 jobs, ahead of health care at 42,000. The hot report pushed the odds of a December Fed rate hike to about 79% on prediction markets. Economy running hot…
5d
🇺🇸‼️🚨 JOBS SMASH FORECASTS The US added 165,000 jobs in October, nearly triple the roughly 60,000 to 70,000 Wall Street expected. Unemployment fell to 4.1%, and wages rose 3.1% from a year earlier. Unemployment is 3.9% for adult men and 3.6% for adult women. Growth was broader than usual: professional and business services led with 70,000 jobs, ahead of health care at 42,000. The hot report pushed the odds of a December Fed rate hike to about 79% on prediction markets. Economy running hot…
5d
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