October jobs report: payrolls up 165,000, unemployment 4.1%, wages up 0.4%

The Bureau of Labor Statistics' October report, released November 6, showed far stronger hiring than in September. A hot labor market tends to keep pressure on Treasury yields, which mortgage rates follow.

In this brief: 4 sections 1 min read

- Total nonfarm payrolls rose by 165,000 in October. The unemployment rate changed little at 4.1 percent, per the BLS release.
- August revised up by 53,000, from +133,000 to +186,000. September revised up by 31,000, from +29,000 to +60,000.
- Average hourly earnings for all private nonfarm employees rose 14 cents, or 0.4 percent, to $38.00 in October.
- The October consumer price index is due Tuesday, November 10. Bond markets close for Veterans Day on November 11. The Fed's next rate decision is December 9.

Read full analysis on bls.gov

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