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The U.S. economy added 165,000 jobs in October 2026, far above the consensus forecast of about 59,000–65,000. The unemployment rate fell to 4.1% from 4.2%. Average hourly earnings rose 0.4% month-over-month and 3.1% year-over-year. Prior months were revised up by 84,000 combined.
Job gains were broad-based, led by professional and business services, healthcare, transportation and warehousing, and manufacturing. Temporary hiring also jumped, possibly reflecting early holiday-season staffing. The strong report reduced recession fears and increased market expectations that the Federal Reserve may raise rates again in December.
The October jobs report was released at 8:30 a.m. ET on Nov. 6. Consensus forecasts were roughly 59,000–65,000 payrolls, 4.2% unemployment, and 0.3% monthly wage growth. September's initially reported 29,000 jobs was later revised up to 60,000.
October nonfarm payrolls rose 165,000, far above forecasts, and the unemployment rate fell to 4.1%. This is a preview with no specific factual claim to verify.
Major consensus forecasts were 59,000–65,000 for October payrolls, not 68,000. September's initially reported 29,000 was later revised to 60,000. The Sahm rule and 3-month average as stated could not be independently confirmed.
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The October jobs report was released at 8:30 a.m. ET on Nov. 6. Consensus forecasts were roughly 59,000–65,000 payrolls, 4.2% unemployment, and 0.3% monthly wage growth. September's initially reported 29,000 jobs was later revised up to 60,000.
TODAY COULD MOVE THE ENTIRE MARKET. The October jobs report drops at 8:30 AM ET. Wall Street expects: • ~60K new jobs • 4.2% unemployment • Wages +0.3% MoM September added just 29K jobs, so traders are watching for a rebound. A HOT jobs report means the Fed has more room
October nonfarm payrolls rose 165,000, far above forecasts, and the unemployment rate fell to 4.1%. This is a preview with no specific factual claim to verify.
October jobs crush forecasts: +165k hires, unemployment slips to 4.1%. Quietly awkward for the "recession" chorus. https://t.co/bvtDWzg3V7 october-jobs-report-us-labor-market-2026/ #Jobs #Economy #Breaking DEMOCRATS HATE AMERICA
Major consensus forecasts were 59,000–65,000 for October payrolls, not 68,000. September's initially reported 29,000 was later revised to 60,000. The Sahm rule and 3-month average as stated could not be independently confirmed.
Jobs report Nov 6: traders price payrolls near 68k. September added 29k; the 3-month average is 51k. Unemployment 4.2%, down 0.2 pts on the year. Sahm rule 0.00 (recession line 0.50). Over or under 68k? #NFP $SPY Link in bio. https://t.co/fLAfF1rxjQ