Economists are anticipating what they say could be one of the worst jobs reports of Joe Biden’s presidency this Friday, just four days before the US presidential election.
Two deadly hurricanes and the Boeing strike will push down the headline figure for October payrolls, analysts say, temporarily obscuring the US labour market’s underlying health and denting its impressive recovery from the Covid-19 pandemic.
The median estimate in forecasts aggregated by Bloomberg for the non-farm payrolls report is a figure of 110,000 job gains, fewer than half of September’s increase and one the lowest totals since 2020.
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