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  • 3 Numbers to Watch: US payrolls, income and outlays, sentiment



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    A busy week of macro news ends with a bang. With central banks’ policies driving the market, the US employment report is today’s most important data point — but the uncertainties associated with the last month’s partial government shutdown could dampen the reaction.

    US October Employment Report (13:30 GMT): The release of the report was delayed by one week due to the shutdown, and also the numbers will be affected somewhat by the unfortunate political wrangling in the US. Due to the way the employment data is computed, the non-farm job gains should be unaffected by the shutdown, but the unemployment rate is expected to rise a little. The consensus forecast for the payrolls is a gain of 120,000 after a gain of 148,000 in September. The unemployment rate is expected to rise to 7.4 percent from 7.2 percent in September.


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