Overnight Market Brief – 6 November 2023

US Non-farm payrolls increased by 150,000 in October, below consensus of a rise of 170,000 confirming persistent expectations for a slowdown. Unemployment rate rose to 3.9%, the highest level since January 2022, above consensus of 3.8%. The labour force participation rate declined slightly to 62.7% while the labour force contracted by 201,000.

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