Live coverage of the key jobs report for October after a two-day rally in the stock market.
It won't be easy for stocks to keep rising after a four-day stretch in which the S&P 500 has gained 4.9% -- and after soft guidance from market heavyweight Apple. S&P 500 futures were down 0.1% at 6:15 a.m. Eastern.
Economists at Goldman Sachs have their estimates perched slightly higher than consensus, with the investment bank calling for 195,000 jobs gained and a slight decline in the jobless rate to 3.7%, though the Goldman team only expect a 0.2% gain in average hourly earnings. Looking at big employment indicators from ADP, Census and Homebase suggest another month of strong jobs growth, even assuming a 30,000 drag from the auto strikes, the Goldman team says.
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Private sector payrolls rose 113,000 in October, less than expected, ADP saysADP reported that companies added 113,000 workers for the month, higher than the 89,000 in September but below the estimate of 130,000.
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Private sector payrolls rose 113,000 in October, less than expected, ADP saysADP reported that companies added 113,000 workers for the month, higher than the 89,000 in September but below the estimate of 130,000.
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US Private Payrolls Miss Expectations in OctoberU.S. private payrolls increased far less than expected in October, but that likely understates the health of the labor market, which remains tight. Private payrolls rose by 113,000 jobs last month, the ADP National Employment Report showed Wednesday.
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Today’s Jobs Report: What to Expect From October Payrolls DataEconomists expect that 189,000 positions were added in the month. Pay attention to wage data.
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Nonfarm Payrolls Preview: US NFP growth set to lose momentum in OctoberThe Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook.
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Gold Price Forecast: XAU/USD buyers look to $2,000 and US Nonfarm PayrollsGold price is finding its feet to attempt another run to the $2,000 threshold early Thursday, as the United States Dollar (USD) and US Treasury bond yields lick their wounds following a non-committal US Federal Reserve (Fed) interest rate outlook and mixed US economic data.
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