The number of non-farm payrolls increased by 165,000 in October, almost three times the market's forecast of 59,000, and the unemployment rate fell to 4.1%. The forecast market currently predicts that the probability that the Fed will raise interest rates in December is 79%, up from 67% previously, and the probability of staying on hold will drop to 22%. Strong recruitment data has put the Federal Reserve once again under pressure to tighten policy.

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