Post
MS Awan
#USJobsBeatExpectations 165,000 jobs added in October.
Economists expected approximately 65,000.
Unemployment rate: Fell to 4.1% from 4.2%.
Wage growth: 3.1% annually.
Previous August and September figures were revised upward by 84,000 jobs combined.
What does this mean for markets?
US Dollar: Could strengthen.
Gold: Could face downward pressure.
Stock market: Strong employment supports economic growth.
Federal Reserve: Strong jobs may reduce the urgency for interest-rate cuts and increase expe
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