The General Motors strike has likely pushed Non-Farm Payrolls below 100,000 in October. While markets may factor that in, the broader picture is of a slowdown in the labor market. September’s gains stood at 136,000, below the past years’ averages. Wage growth carries expectations for an increase of 0.3% monthly and 3% yearly after the annual level slipped below 3% in September. The US Dollar has been on the back foot ahead of the publication, due to the dovish Federal Reserve decision on Wednesday.
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