US October payrolls rise 165,000; unemployment falls to 4.1%
US nonfarm payrolls increased by 165,000 in October, exceeding economists’ forecast of 65,000, the Bureau of Labor Statistics said. September’s gain was revised up to 60,000 from 29,000, while the unemployment rate fell to 4.1% from 4.2%. Treasury yields rose after the release before pulling back.