US Jobs Beat Forecasts With 165,000 Added in October
US employers added 165,000 jobs in October, more than economists had expected. The unemployment rate fell to 4.1%. The Labor Department also revised earlier months' job numbers upwards, pointing to stronger hiring than first reported.
Context
Context: The US monthly jobs report is one of the most closely watched economic releases, since the Federal Reserve uses it when deciding interest rates. US rate decisions affect borrowing costs and markets worldwide, including in India.
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