Key takeaways

  • The Bureau of Labor Statistics releases the October nonfarm payrolls report Friday at 8:30 a.m. ET.
  • The share of the labor force either working or looking for employment, known as the labor force participation rate, also has pulled back sharply, down to 61.8%, or a 0.8 percentage point slide.
  • Job openings also picked up by 333,000 in September, while the level of workers quitting their jobs — a proxy for confidence in being able to find new work — hit 3.36 million.

The Bureau of Labor Statistics will release the October nonfarm payrolls Friday, with economists expecting growth of 59,000 jobs. Despite the expectation of low gains, the unemployment rate is forecast to hold at 4.2%.

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