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5. Futures Economic Reports for Friday November 4, 2016
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From our friends at: www.TradeTheNews.com
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Friday, November 4th
US October Non-Farm Payroll Report
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Friday 08:30 EST /12:30GMT (US) Oct Change in Non-farm Payrolls
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What the News Desk Says
After some hot payroll readings during the summer, the jobs numbers have been more subdued in recent months, but still strong enough to keep unemployment pinned at 5.0% or lower. Friday’s October unemployment is forecast to tick back down to 4.9% and nonfarm payrolls are expected at 175K, around the recent monthly average.
Unless there is a big downside surprise, the employment data should keep the Fed on track for a rate hike in December, which is now being priced in by the Fed funds futures. The jobs report may also be fodder for the Presidential election as another subpar report could cause the polls to tighten even more, while a return to 200K+ payroll gains could give Mrs. Clinton a boost in the closing days of the race… more
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