FXstreet.com (Barcelona) - Employment has increased in an unexpected extent in US in October, pushed by a strong increase on services, which made the non farm payrolls change grow twice as expected, according to the latest report by the Labor Department.

Non farm payrolls have increased by 166,000 in October, instead of the 80,000 expected, and above the 96,000 increase posted the previous month, revised down from the initial 110,000 estimation.

Wages have grown by a moderate 0.2% to an average of $17,58 per hour, which means a 3.8% increase in the latest 12 months, while the unemployment rate has remained at 4.7%, as expected.

Services was the sector that posted the strongest job creation reading with a change of 190,000 which offset the 24,000 job losses in the industrial sector, and the 5,000 job losses in construction.