The Bureau of Labor Statistics will release the monthly US Jobs data (non-farm payrolls) for October at 13:30pm. The figure is closely watched by traders as t the strength of the US recovery and future Fed policy.
The consensus expectation is an increase of 235,000 jobs and an unemployment rate of 5.9%, slightly below September’s +248,000. On Wednesday the ADP Private Payrolls report for September printed an increase of 230,000 jobs.
As the unemployment rate continues to decrease, this for some could be the first holiday period in a few years where there is enough money to spend. The key retail period for the year begins to pick up pace, hiring (even if temporary) should tick up to meet the extra demand of holiday shoppers.