October jobs report: Payrolls data set to shape market after two-day rally

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Live coverage of the key jobs report for October after a two-day rally in the stock market.

You might have noticed in Wall Street previews of the jobs report, that most economists are saying payrolls will be hit by a 30,000 drag from the auto strike that has now ended. Why that particular number? It comes from a separate Labor Department report, called the Current Employment Statistics Strike Report. .

You can see the numbers here: There were 48,100 on strike in October, including 25,300 at Ford, General Motors and Stellantis. That's just a preliminary number, and it doesn't count secondary strike effects, i.e. the workers not on the job because the auto workers were striking. It also doesn't count replacement workers.

 

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October jobs report: Payrolls data set to shape market after two-day rallyLive coverage of the key jobs report for October after a two-day rally in the stock market.
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