October jobs came in at 165,000, well above expectations, and the unemployment rate slipped to 4.1%. Labor market is not cracking, which pushes rate cut odds out and keeps the Fed patient. Good data,

What happened: The U.S. economy added 165,000 jobs in October, far above expectations, and the unemployment rate came in at 4.1%. Key numbers: 165,000 jobs added in October; 59,000 expected; unemployment rate 4.1% versus an expected 4.2%. Why it matters: Payrolls beat the forecast by a wide margin and the unemployment rate fell below the level analysts had expected to hold steady.

The U.S. economy added 165,000 jobs in October, far above expectations, and the unemployment rate came in at 4.1%.

Payrolls beat the forecast by a wide margin and the unemployment rate fell below the level analysts had expected to hold steady.