The U.S. job market isn't as rip-roar and strong as we've thought, but they're still hiring

markets are signaling that is close to what our central bankers want to see.

I'm David Brancatio.

There's news that 150,000 more people want to see. I'm David Browncaccio.

There's news that 150,000 more people were on payrolls in the month just ended.

That is okay, but it's less than expected even when all the auto workers who are on strike are factored in and our

understanding of hiring in August and September was also revised downward,

investors jumped into the bond market on this news, pulling the 10-year interest rate sharply down to about 4.5%

right now.

Analyst Susan Schmidt is head of public equity at the state of Wisconsin Investment Board.

The markets are taking this as a sign that things really are cooling in the economy.

That's exactly what the Fed is trying to achieve, and investors are now thinking that that means

the Fed won't have to raise rates going forward. They've

paused for the last two meetings and that's been the big question is will they

start raising and increasing those interest rates again? Right now markets tell you that things are looking pretty good.

They feel comfortable if the economy is coming back in line.

Yeah, and for people worried about inflation, another bit of encouragement is that average hourly earnings ticked up a bit in

October, two-tenths of a percent, but if you look year over year into October, up now 4.1 percent. That's closer to what our central bankers are

looking for. That's much closer to what our central banks are looking for and we

saw unemployment tick-. So unemployment rate overall, 3.9%.

Estimates were at 3.8%. Seeing that at that close to 4% level, again, a sign that the economy's strength is weakening just

a little.

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