October Payrolls Surprise Keeps Fed on Track for December Hike
AllianceBernstein’s Eric Winograd says October net job creation reached 165,000, well above expectations, while unemployment edged down to 4.1% from 4.2%.
The upward surprise in October's payrolls keeps the Fed on track to hike in December, AllianceBernstein's Eric Winograd writes. October's net job creation reaches 165,000, well above expectations, while unemployment edges lower to 4.1% from 4.2%. Winograd notes that payrolls' medium-term average "c…