US adds 165,000 jobs in October; China factory prices rise at fastest pace in over four years
Written by AI from cnbc.com's report. Not checked by a person.
US hiring beat expectations with 165,000 jobs in October, while China's producer prices rose 5.7% against 5.3% expected.
CNBC's economy coverage reported that the US economy added 165,000 jobs in October, well above expectations. It also reported that China's wholesale inflation reached its highest in more than four years, with the October producer price index at 5.7% versus 5.3% expected by economists polled by Reuters, while the consumer measure slowed. Strong US jobs data raised market expectations of a Fed rate hike. This is a section page rather than a single article dated 10 November, so it is used as a next-most-prominent source.
