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U.S. Job Growth Is Estimated to Have Rebounded in October
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U.S. job growth likely rebounded last month but not enough to return to the higher pace from earlier this year, with a shortage of workers and other effects from the pandemic weighing on the economy.
Employers are estimated to have added 450,000 jobs in October, which would be the strongest gain in three months but still below the 2021 average, according to economists surveyed by The Wall Street Journal. The jobless rate is expected to have fallen to 4.7% last month from 4.8% a month earlier. The Labor Department releases its monthly jobs report at 8:30 a.m. ET Friday.
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