US Job Growth Projected to Rise in October
US nonfarm payrolls likely increased in October while annual wage growth slowed below three percent. Economists note the steady labor market poses no inflation risk.
Xurve View
Insights:
Xurve View
United States nonfarm payrolls likely increased by 65,000 jobs in October, accompanied by an expected slowdown in annual wage growth below 3.0%. That moderation would mark the first sub-3% reading in nearly 5.5 years. The data will reinforce expectations that the domestic labor market poses no inflation risk heading into late 2026.
