The upcoming US jobs report is expected to show 65,000 new jobs in October, with the unemployment rate holding steady at 4.2%. This could keep the Federal Reserve on track for further interest-rate increases to combat inflation. Other labor-market data, including job openings and weekly jobless claims, are expected to reinforce stability in the market. Manufacturing and trade figures, along with a productivity report showing a 2.6% boost, will also be closely watched.
In Canada, the jobs market remains soft, with expectations of little change in the unemployment rate at 6.5% following a significant job loss last month. The Canadian government is set to release its budget, titled *Masters of Our Destiny*, aimed at stimulating growth amid trade tensions with the US. Globally, central bank decisions in the UK, Australia, and Brazil, along with inflation data from Europe and Asia, will be key highlights.
Source: Hacker News · Summarized by HeadlinesBriefing