Halister News

(Bloomberg) -- Non-farm payrolls seen at +173k in Oct. vs +156k in Sept. (forecast range +105k to +208k); measures number of employees on payrolls; sometimes referred to as establishment survey.

• Click here for research roundup of strategist comments ahead of the payrolls report
• Payroll growth this year has averaged +178k/month
  • “Aggregate demand is expected to stay in solid shape as businesses remain optimistic about the outlook and maintain current staffing levels": Bloomberg Intelligence
• Unemployment rate seen at 4.9% in Oct. vs 5% in Sept. (forecast range 4.8% to 5%); tracks number of unemployed as percentage of labor force
• Average hourly earnings est. +0.3% m/m in Oct. vs +0.2% in Sept. (forecast range 0.2% to +0.4%); tracks total hourly remuneration
  • Also today, international trade balance in goods and services seen at -$38b in Sept. vs -$40.7b in Aug. (forecast range -$35.5b to -$44b)