JUST IN: A blowout jobs report. The US economy added 165,000 jobs in October. That’s above expectations of ~65k. August and September also revised a lot higher. There was a big surge in professional and biz services hiring (+70k!), along with ongoing gains in healthcare and transportation
Unemployment rate: 4.1% (down from 4.2% in September)
Wage growth: 3.1% -->That’s below inflation for the 7th straight month, but it was stronger than expected.