US October nonfarm payrolls increase by 165,000, far exceeding expectations, unemployment rate falls to 4.1%

November 6 — Data from the U.S. Bureau of Labor Statistics shows that U.S. seasonally adjusted nonfarm payrolls increased by 165,000 in October, versus expectations of 65,000 and a previous reading of 29,000; the October unemployment rate was 4.1%, compared with 4.2% previously. Employment rose in professional and business services, health care, and transportation and warehousing.