Jobs report to provide latest snapshot of hiring days after midterms
Summary
The October jobs report, due Friday, will provide the first major economic data since the U.S. midterm elections. Economists expect employers to have added 59,000 jobs, while the Federal Reserve weighs elevated inflation against the risk that higher interest rates could slow hiring.Key Facts
- Economists expect 59,000 jobs were added in October, up from 29,000 in September.
- The U.S. added an average of about 68,000 jobs per month in the first nine months of 2026, according to an Atlanta Federal Reserve analysis.
- The Dow Jones Industrial Average rose sharply on Wednesday after the midterm elections, then lost those gains in a selloff on Thursday.
- The annual inflation rate was 3.7% in September, above the Federal Reserve's 2% target.
- The Federal Reserve raised its key interest rate by a quarter of a percentage point in September, its first increase since 2023.
- Market estimates put the chance of another quarter-point rate increase at the Fed's December meeting at about 68%, according to CME Group's FedWatch Tool.
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