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US October Jobs Report to Mark End of Blowout Payroll Gains

From bnnbloomberg.ca

The monthly US jobs report is set to show that the blowout gain in September was only temporary, according to Bloomberg Economics. Employers likely added 157,000 workers to payrolls last month, less than half the pace of September, Bloomberg economists Anna Wong and Stuart Paul wrote Thursday in a preview. The pace will reflect “payback” from a pop in hospitality and leisure job gains in September, the impact of the United Auto Workers strike and cooler demand for workers, they said about the data due Friday. The economists expect the unemployment rate to nudge up to 3.9% from 3.8%, large enough of an increase that ... (full story)

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  • Category: Fundamental Analysis