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Macro EconomyMedium•9 November 2026•
1 min read

S&P 500 Futures Rise Following Positive October US Jobs Report

Key Facts

1US non-farm payrolls increased by 165,000 in October.
2The unemployment rate decreased to 4.1%, while average hourly earnings grew 0.4% month-over-month.

US non-farm payrolls increased by 165,000 in October, according to reports from JournalArta. Data from the Bureau of Labor Statistics showed the unemployment rate decreased to 4.1%, while average hourly earnings grew by 0.4% on a month-over-month basis.

S&P 500 futures edged higher following the release, which indicated a resilient labor market as average hourly earnings recorded a 3.1% year-over-year increase on November 6, 2026. Investors are analyzing these figures to gauge the Federal Reserve's next steps, alongside Michigan Consumer Sentiment which reached 51 on November 6, 2026.

The US annual inflation rate is scheduled for release on November 10, 2026, with a forecast of 3.9%. Federal Reserve Governor Waller is also set to deliver a speech on the same day, which may offer further signals regarding the interest rate outlook.

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