“WASHINGTON (AP) — The October employment report the government will release Friday will likely solidify the picture of the U.S. job market that’s emerged this year: Companies are hiring steadily but cautiously. And unemployment remains high.
Economists forecast that employers added 121,000 jobs in October, according to FactSet. That would be up slightly from September but below this year’s average monthly gain of 146,000. And it’s too weak a hiring pace to quickly reduce unemployment.
Analysts think the unemployment rate rose to 7.9 percent from 7.8 percent in September.”
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