The U.S. Nonfarm Payrolls Report is expected to show weak growth on November 6.

ME News reports that at 9:30 PM Beijing Time (UTC+8) on Friday, November 6, the United States will release the October non-farm payrolls data. Amid recent pullbacks in major tech stocks such as NVIDIA (NVDA.O) and rising market risk-off sentiment, investors are turning their full attention to this report. As a key indicator of economic momentum, this month’s data is expected to exhibit the typical pattern of “weak incremental growth but overall stability.”
Consensus estimates from major market institutions project that non-farm payroll employment in October will increase by approximately 59,000 to 65,000 jobs, a slight rebound from the initial 29,000 reported in September but still at an unusually low level in recent years. According to the CME FedWatch Tool, traders’ probability expectations for another rate hike in December have dropped from 82.7% the previous day to 69.1%. If tonight’s non-farm data delivers no major surprises, the weak labor market balance will continue to keep the Fed’s policy deliberations uncertain. (Source: ODAILY)