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New economic data published on Friday showed that the economy wildly outperformed the forecasts of experts.
The data showed that the U.S. economy added 165,000 jobs in October while unemployment dropped to 4.1 percent, as reported by The Wall Street Journal.
According to the outlet, top economic experts had incorrectly predicted that jobs would grow by only 59,000 jobs in October.
The data published Friday also showed that average hourly earnings measured month-over-month ticked upward from 0.3 percent to 0.4 percent.
October jobs report: payrolls +165,000 (consensus +65,000), unemployment rate 4.1% (...
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