The Zhitong Finance App notes that the number of non-farm payrolls in the US may have rebounded in October, but wage growth is expected to slow below 3.0%, the first time in nearly five and a half years. This will reinforce the view that the labor market is not a source of inflation. The high-profile employment report to be released by the Department of Labor on Friday is also expected to show that the unemployment rate remained unchanged at 4.2% last month, and is likely to have fallen to 4.1%. The historically low number of layoffs and the recent surge in job vacancies have raised the possibility that the labor market will tighten.

The Zhitong Finance App notes that the number of non-farm payrolls in the US may have rebounded in October, but wage growth is expected to slow below 3.0%, the first time in nearly five and a half years. This will reinforce the view that the labor market is not a source of inflation. The high-profile employment report to be released by the Department of Labor on Friday is also expected to show that the unemployment rate remained unchanged at 4.2% last month, and is likely to have fallen to 4.1%. The historically low number of layoffs and the recent surge in job vacancies have raised the possibility that the labor market will tighten.