Jobs data, manufacturing report, Exxon earnings: 3 things to watch in the markets Friday

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We'll get the unemployment rate, nonfarm payrolls, manufacturing data and earnings from Chevron and Exxon Mobile on Friday.

Kamil Krzaczynski | Reuters1. Slowing jobs data

The Labor Department will release nonfarm payrolls and unemployment data. Economists are estimating 75,000 jobs created in October, according to Dow Jones, a slowing from the 136,000 jobs added in September. GM's UAW strike negatively skewed the employment picture. The unemployment rate is expected to come in at 3.6%, a tick higher from the 3.5% rate in the prior month.We'll get a gauge of U.S.

, weighed on by the U.S.-China trade war. The ISM U.S. manufacturing Purchasing Managers' Index fell to 47.8 in September; any reading below 50 signals a contraction. Economists are expecting a reading 49.1 for October, according to Dow Jones.

 

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Exxon, Chevron expected to post steep drops in earnings for third quarterExxon and Chevron are scheduled to report earnings on Friday before the bell. Energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. Too much money on shale that isn't truly profitable... Biggest Ponzi scheme going right now. OOTT
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