US Job Growth Forecast to Cool But Remain Solid in October
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U.S. job growth in October is expected to cool from recent months but remain solid, with payrolls projected to rise by about 190,000.
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Hourly earnings are seen rising at the slowest pace in over 2 years, indicating moderating wage gains.
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Slowing wage growth and resilient hiring support the Federal Reserve's plans to again hold interest rates steady at its meeting this week.
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Job openings data due this week may show openings declining toward March 2021 levels, signaling loosening labor market conditions.
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Other U.S. data such as employment costs, productivity, and manufacturing and services surveys will provide further clues on inflation and growth.