Solid US employment figures make the case for tighter monetary policy

MarketScreener · Vincent Gallet · 2026-11-06 15:25 UTC

The official employment report released today illustrates the strength of the US labor market, but also tends to bolster the case for tighter monetary policy by the Federal Reserve, economists say.

The official employment report released today illustrates the strength of the US labor market, but also tends to bolster the case for tighter monetary policy by the Federal Reserve, economists say.

The US economy generated 165,000 nonfarm jobs last month, while economists had expected an average of just 65,000 new positions, according to the Bureau of Labor Statistics (BLS), an agency of the Labor Department.

In addition, the unemployment rate edged down by 0.1 percentage point to 4.1% in October, slightly below the economists' consensus of 4.2%, while the labor-force participation rate was broadly unchanged at 61.9%.

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