US Payroll Revisions Boost December Rate-Hike Bets

TLDR US employers added 165,000 jobs in October, exceeding economists’ 65,000 forecast. The unemployment rate declined to 4.1% from September’s 4.2%. August and September payroll revisions added 84,000 jobs to previous estimates. Average hourly earnings increased 0.4% monthly and 3.1% annually. Traders raised December Federal Reserve rate-hike expectations from 70% to 78%. US employers added [...]

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