Overview:
The Nonfarm Payrolls for the month of October were released today after several mixed PMI releases earlier in the week and the confirmation of the Fed's desire to raise short-term lending rates in December. The report was expected to show an added 173,000 jobs for the month of October, which would prove to be an acceleration of the 161,000 jobs added in September's report.
Data Recap:
Revisions - September payrolls revised upward by 35,000 to 191,000 vs. prior 156,000.
Total hourly earnings grew at a 2.8% clip y/y; fastest pace since financial crisis.
