October's jobs report is anticipated to reveal the slowest hiring pace in nearly four years, with economists predicting a payroll increase of just 100,000, impacted by Hurricanes Helene and Milton and a Boeing strike. Despite this, the unemployment rate is expected to remain steady at 4.1%, and average hourly earnings are projected to rise by 0.3% for the month. The labor market continues to grow, albeit at a slower rate, with job creation concentrated in government, health care, and leisure sectors.
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