Economists surveyed by Dow Jones are expecting jobs growth of just 170,000 in October, down from 336,000 the previous month.
Economists surveyed by Dow Jones are expecting Friday's nonfarm payrolls report to show job growth of just 170,000 in October, down from 336,000 the previous month.
True to form, the consensus Wall Street call is that the October nonfarm payrolls report, which the Labor Department is scheduled to release Friday at 8:30 a.m. ET, will show a sharp decline from September. Economists surveyed by Dow Jones are expecting growth of just 170,000, down fromDon't hold your breath looking for that big of a decline, said Amy Glaser, senior vice president at global staffing firm Adecco.
"Folks aren't able to jump from one job to another and gain these huge, astronomical pay increases, which is good news for the employers," Glaser said."On the flip side, we're seeing a return of the workforce … The folks coming off the bench are really going to make an impact over the upcoming months."
Indeed, a potentially important trend has been the hiring of part-time workers in recent months. Since June, their rolls have swelled by 1.16 million, according to Labor Department data. Conversely, full-time positions have dropped by 692,000.
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