Making Financial Headlines · Page 9
The Jobs Report Promises an Early Start for Everyone With a Spreadsheet
· New York time
The Bureau of Labor Statistics is scheduled to release the October nonfarm payrolls report Friday at 8:30 a.m. Eastern time. Economists and investors will get a fresh view of hiring, conveniently timed for people who believe the best way to start a morning is with a revision to their expectations. Nonfarm payrolls measure employment across much of the economy. The report is closely watched because hiring can help show how the labor market is changing, with implications for households, businesses and policymakers. A single monthly figure is important, though it is still one part of a much larger employment picture. The scheduled release gives markets a common appointment, not a guaranteed verdict on every question about the economy. Analysts will compare the data with their expectations and examine the details. At precisely 8:30, the nation's most intensely scrutinized spreadsheet will become a group activity.
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