The Goldman Sachs analysts expected the headline US NFP figures to top 500K while predicting the jobless rate to drop to 7.6% in October. The labor market report is scheduled for release later on Friday at 1330 GMT.
Key quotes
“Expectations center of 593K and 7.6% for the twin headlines.”
“High-frequency labor market information indicating a further deceleration in job growth.”
“A drag from the virus resurgence and “fiscal fizzle.”
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