October Jobs Report

#Jobs — Much higher than expected, and UE slips

Gain of +165,000 non-farm payroll jobs, vs. expected gain of +59K
Unemployment down 0.1 at 4.1%
U6 unemployment up 0.3 at 7.9%
Labor force participation up 0.1 to 61.9%
Average hourly earnings up by 0.4%; +3.1% Y/Y

September jobs revised up by +31K to +60K
August jobs revised up by +53K to +186K