SPY•US nonfarm payrolls are projected to rise by 65,000 in October, up from September’s 29,000 increase and above the trailing 12-month average gain of 41,300. Unemployment is forecast to hold at 4.2%.
The median of 24 forecasts puts US nonfarm payroll growth at 65,000 in October, with estimates ranging from 50,000 to 125,000. The forecast exceeds the trailing 12-month average gain of 41,300; unemployment is forecast to remain at 4.2%, below its 12-month average of 4.3%.
The US Bureau of Labor Statistics is scheduled to release October employment figures on November 6.
