In October, non-farm payrolls in the United States increased by 12,000, compared to an estimate of an increase of 105,000, with the previous value revised down by 31,000 to 223,000. This is the lowest monthly job growth since December 2020.

The unemployment rate in the United States for October is 4.1%, with an estimate of 4.1% and a previous value of 4.1%.

The yield on the 10-year U.S. Treasury bond plummeted short-term, dropping over 0.6%. The yield on the 2-year U.S. Treasury bond fell over 1.6%.

Today's non-farm data will not affect the Federal Reserve's recent trends, but how could this data be off by more than 20?