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The Independent UK
The Independent UK
National
Paul Wiseman

US jobs report for October could show solid hiring as Fed watches for signs of inflation pressures

Copyright 2023 The Associated Press. All rights reserved.

America's employers likely kept hiring at a healthy pace last month, defying high interest rates, rising pressure on consumers and labor strikes that idled big swaths of the nation's auto industry.

The government’s October jobs report is expected to show Friday that companies and government agencies added 184,000 jobs, a solid showing, though down sharply from a blockbuster 336,000 gain in September. The unemployment rate is expected to stay at 3.8%, a couple of notches above a half-century low, according to a survey of forecasters by the data firm FactSet.

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