US Job Growth Set to Double, Keeping Fed on a Rate-Hike Path
US Jobs Pickup May Keep Fed on Track to Hike Rates Again
Forecasters expect Friday's Bureau of Labor Statistics report to show October job growth more than doubled to 65,000, with unemployment holding at 4.2%. That resilience would leave the Federal Reserve on course for further interest-rate increases in the months ahead as it battles inflation. The week brings a heavy slate of US data before the capstone monthly employment report.
Forecasters expect the report to show monthly job growth more than doubled in October, to 65,000, while the unemployment rate remained steady at 4.2%.