U.S. Job Growth Slows in October, Missing Expectations
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U.S. added 150,000 jobs in October, below economist forecasts of 180,000 and down from 297,000 in September. Unemployment rate rose to 3.9%.
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Downward revisions to August's and September's job gains totaled 101,000.
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Average hourly earnings rose 0.2% in October, below 0.3% forecast. On a year-over-year basis, up 4.1% versus 4.0% expected.
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U.S. bond yields have fallen sharply in recent weeks on idea Fed rate hikes are over.
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Falling yields have boosted stocks and bitcoin. S&P 500 and Nasdaq up about 0.45% after jobs report.