US economy smashes expectations to add 271,000 jobs in October

• Attention now focuses on Fed for possible December interest rate rise
• Fed chair Yellen said Wednesday: 'I see the US economy performing well'

The US economy added 271,000 jobs in October, about 90,000 more than expected. The unemployment rate dropped to 5%.

Related: US jobs data much stronger than expected, dollar rallies - live

Don't look now, but wage growth is starting to accelerate. pic.twitter.com/cPB1J6ZHLv

Related: Janet Yellen says December interest rate hike is still on the table