Final jobs report before election will likely offer a blurred view of labor market

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Business,Politics,Elections

Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day.

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“The October jobs report will be muddied,’’ Boussour wrote in a commentary. “We believe the true underlying pace of job growth was likely around 170,000 in October.” At the same time, the unemployment rate is expected to stay at a low 4.1%, according to the FactSet survey. The blurriness of the October jobs data could lead some Republican political figures to once again question the credibility of the government's employment figures, especially if they turn out stronger than economists expect. Sen. Marco Rubio, for example, a Florida Republican who is a onetime Trump critic turned unabashed supporter, has baselessly claimed that the surprisingly strong September jobs report.

 

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