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Forecasters see October U.S. jobs growth at 65,000 ahead of Friday report
Bloomberg, citing private forecasts, said economists expect U.S. payrolls to have risen by 65,000 in October with unemployment steady at 4.2%, a pace that would keep the Federal Reserve on a path toward further rate increases.
- bloomberg.com is now reporting this
- New headline Was: “US Jobs Pickup May Keep Fed on Track to Hike Rates Again”
- Our desk filed its story
Forecasters surveyed for a Bloomberg week-ahead note expect U.S. employers to have added 65,000 jobs in October, with the unemployment rate holding at 4.2%, as the Bureau of Labor Statistics prepares to release the monthly employment report on Friday1.
Matthew Boesler and Craig Stirling wrote that such a pickup would more than double monthly job growth from the prior reading they cited and would leave the Federal Reserve on track for additional interest-rate increases in the months ahead to combat inflation1.
The note, published Saturday and updated early Sunday, is a preview of the data week rather than the government report itself; the actual payrolls figures have not yet been released1.
Much of the Bloomberg article sits behind a paywall. The publicly readable portion is the authors' takeaway on the forecast and the Fed path; independent confirmation of the survey sample and the prior-month comparison was not available without a subscription1.
