The United States added 165,000 jobs last month, with December rate hike bets rising to 80%.

The U.S. government’s employment report released on Friday showed that job growth last month exceeded expectations, leading traders to further bet that the Federal Reserve will raise interest rates again in December. The report indicated that the U.S. unemployment rate edged down to 4.1%, with businesses adding 165,000 new jobs—more than double economists’ forecasts. After the report’s release, futures contracts tied to Federal Reserve policy rates showed that the market estimates about an 80% probability of a 25 basis point Fed rate hike next month. Before the report’s release, traders had priced in about a 75% chance of a Fed rate hike in December.