🚨BREAKING: US payrolls jumped by 165,000 in October, more than double the forecasts.
The forecast was 65,000. Unemployment fell to 4.1% from 4.2%, and August and September were revised up by a combined 84,000 jobs.
The gain far exceeded the 48,000 monthly average of the past year.
Professional and business services led with 70,000 jobs, followed by health care with 42,000.
Average hourly earnings rose 0.4% on the month and 3.1% on the year.
Before the report, markets saw about a 72% chance of a Fed hike on December 9.