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US October seasonally adjusted nonfarm payrolls +165,000 vs +65,000 expected; September revised up from +29,000 to +60,000.
Business & markets1 min read
U.S. nonfarm payrolls for October increased by 165,000, exceeding expectations of 65,000. The September figures were also revised upward significantly.
What was reported
October nonfarm payrolls rose by 165,000.
Analysts had forecast an increase of 65,000.
September payroll gains were revised from 29,000 to 60,000.
Why it matters
Nonfarm payrolls are a key indicator of economic health, representing the total number of paid workers in the U.S. excluding farm workers and a few other job categories. Changes in these figures can indicate trends in the job market and overall economic activity.
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Source & attribution
This article is presented by DailyMIQ. General educational context is DailyMIQ commentary.
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