The U.S. is forecast to add 205,000 new jobs in October, according to economists polled by The Wall Street Journal. The unemployment rate is expected to stay at 3.5%. Wages are forecast to rise a modest 0.3%, lowering the increase over the past 12 months to 4.7% from 5%.
The report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics.
Market reaction: The Dow Jones Industrial Average
DJIA,
and S&P 500
SPX,
were set to open higher in Friday trades. The yield on the 10-year Treasury note BX:TMUBMUSD10Y rose slightly to 4.6%.
