US Added 261K Jobs in October, Topping Expectations for 200K

The U.S. economy added 261,000 jobs in October, beating economist forecasts for 200,000. The unemployment rate rose to 3.7% versus expectations for 3.6%

Bitcoin (BTC) has dipped about $200 to $20,400 on the news, with the strong headline jobs growth indicating there remains some work to do for Fed officials in their battle against inflation.