Good day and welcome to Jobs Friday in the US, as attention turns toward the release of the October employment data.
Market consensus estimates point to several notable trends across the key labor indicators. Forecasters anticipate nonfarm payrolls to rise by 70,000, representing an increase compared to the 29,000 positions recorded in September. Both the unemployment rate and the labor force participation rate are expected to hold flat, remaining unchanged at 4.2% and steady at 61.8%, respectively. Meanwhile, average hourly earnings are projected to post a gain of +0.3% MoM, which translates to an annual advance of +2.9% YoY.
#economy #markets #jobs #employment #unemployment #wages
Market consensus estimates point to several notable trends across the key labor indicators. Forecasters anticipate nonfarm payrolls to rise by 70,000, representing an increase compared to the 29,000 positions recorded in September. Both the unemployment rate and the labor force participation rate are expected to hold flat, remaining unchanged at 4.2% and steady at 61.8%, respectively. Meanwhile, average hourly earnings are projected to post a gain of +0.3% MoM, which translates to an annual advance of +2.9% YoY.
#economy #markets #jobs #employment #unemployment #wages