US October payroll growth forecast at 65,000 as annual wage gains expected to slow
Economists surveyed expect US nonfarm payrolls to rise by 65,000 in October, following a 29,000 gain in September. Annual wage growth is forecast to slow to 2.9% from 3.0%, which would mark its first reading below 3% since May 2021. The unemployment rate is expected to remain at 4.2%, though it could slip to 4.1%.