US Job Growth Expected to Cool in October While Labor Market Shows Signs of Softening

U.S. job growth in October expected to cool to 180,000 from a surge in September. Wage gains also projected to decelerate.
Labor market remains tight but showing some signs of loosening, with quit rates down and companies cautious on hiring.
Risk of government shutdown in mid-November could delay economic data releases like monthly jobs reports.
Economy defying forecasts of near-term recession, though inflation persists and consumer sentiment weak.
Forecasts more mixed on likelihood of downturn in coming year compared to strong recession expectations last fall.