US Payrolls Rise Far More Than Expected in October
Nonfarm payrolls grew by 165,000 in October versus 62,000 expected, and unemployment eased to 4.1%. Per RTTNews via TradingView.
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what happened
The US Labor Department reported that nonfarm payrolls rose by 165,000 in October, well above the 62,000 economists had forecast. September's gain was revised up to 60,000 from an initially reported 29,000. The unemployment rate fell to 4.1% from 4.2% in September, although forecasts had pointed to no change.
According to RTTNews, distributed via TradingView, the report also revised August up by 186,000 jobs, a net upward revision of 84,000 across the two months. Average hourly earnings rose 0.4% in October, and annual wage growth eased to 3.1% from an upwardly revised 3.2%.
why it matters
A strong jobs report strengthens expectations for tighter Federal Reserve policy, since the labor market looks tight. This supports the dollar, while rate-sensitive stocks and bonds may come under pressure.
market impact
Dollar and US Treasuries: a tight labor market raises expectations of Fed tightening
- US dollar pressure up — a tight labor market raises expectations of tighter Fed policy
- US Treasuries pressure down — expected rate hikes push bond prices lower
tags
instruments
sources
- U.S. Employment Jumps Much More Than Expected In October — TradingView, 6 November 2026 at 13:53 UTC
- U.S. Employment Jumps Much More Than Expected In October — TradingView, 6 November 2026 at 15:20 UTC
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