October US new employment forecast at 65,000... unemployment rate 4.2%

The U.S. Bureau of Labor Statistics will release October nonfarm payrolls and unemployment data on November 6 at 10:30 p.m. KST, with Bloomberg's median economist forecast pointing to 65,000 new jobs and a 4.2% unemployment rate. The projections follow a September report in which payroll growth came in at just 29,000 versus the 90,000 expected, while the BLS revised July and August gains down by a combined 60,000. September average hourly earnings rose 0.1% month-over-month and 3.0% year-over-year. The data matters because it will shape expectations for Federal Reserve policy and confirm whether the labor market is cooling faster than forecasters anticipated. Traders will watch the actual payroll print against the 65,000 consensus and any further revisions to prior months, alongside the ADP October figures released on November 4.