FYI: Heading into Friday’s Non Farm Payrolls (NFP) report for October, economists are expecting an increase in payrolls of 200K, which would be a big increase from September’s report which came in significantly below expectations at 134K. In the private sector, economists are expecting an increase of 195K, which would imply a similar improvement versus September as the headline reading. The unemployment rate is expected to remain at 3.7%. Average hourly earnings are expected to grow at a rate of 0.2% versus the 0.3% reading last month. Slower wage growth would certainly be welcomed by bulls worried over potential inflation pressures. Finally, average weekly hours are expected to be unchanged at 34.5.
Regards,
Ted
https://www.bespokepremium.com/big-tips/october-employment-report-preview-2/
