10月美国非农数据快报

Employment Data - In October, the U.S. non-farm payrolls added only 12,000 jobs, a significant drop from the revised 223,000 jobs in September, marking the lowest level since 2020[3] - The unemployment rate remained unchanged at 4.1%, with a slight increase to 4.14% when not rounded[3] - Average hourly earnings increased by 4% year-over-year, consistent with expectations, while the month-over-month increase was 0.4%, slightly above the expected 0.3%[3] Sector Contributions - The healthcare and government sectors were the primary contributors to job growth in October, while the manufacturing sector saw a decline of 46,000 jobs due to the Boeing strike and hurricane impacts[3] - The private sector experienced a net loss of 28,000 jobs, contrasting with the government sector's addition of 40,000 jobs[3] Market Reactions - Following the release of the employment data, traders increased bets on two interest rate cuts by the end of the year, with a 98% probability of a 25 basis point cut in November[3] - The probability of rate cuts in both November and December rose from 75% to 82%[3] Labor Market Insights - Job openings decreased unexpectedly, and the JOLTS private layoff rate increased, indicating a gradual softening in the U.S. labor market[3] - The labor force participation rate was reported at 62.6%, slightly down from previous months[5]