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While the headline line employment number was stronger than expected, the unemployment rate missed expectations, rising to 3.7%, up from September’s reading at 3.5%. According to consensus forecasts, economists were looking for a rise to 3.6%. Along with solid employment gains, the report noted that wages continue to rise more than expected. Average hourly wages rose by 12 cents or 0.4% last month. Economists were expecting to see a 0.3% rise. For the year the report said that average hourly wages have increased 4.7% to $32.58.
According to some economists, resilient strength in the labor market will force the Federal Reserve to maintain its aggressive monetary policy stance. Markets still see a relatively 50/50 chance that the U.S. central bank will raise interest rates by either 50 or 75 basis points in December; however, the advantage has shifted slightly to a 75-basis point move.
wait for the revised numbers, we’ll see
It's going too 1500 ish I guess Gareth was wrong about this one .