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Job growth surpassed expectations in October, new data showed Friday, with the US economy adding 165,000 jobs. The unemployment rate fell to 4.1% from 4.2%, according to Bureau of Labor Statistics data. Job growth in the previous two months was stronger than initially reported, with a total of 84,000 jobs added: August was revised upwards by 53,000 to 186,000; and September gains totaled 60,000, up from 29,000. The consensus forecast for October called for monthly gains of 65,000 jobs and a 4.2% unemployment rate, FactSet estimates show. Wage growth slowed on an annual basis to 3.1% from an upwardly revised 3.2%.
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