Highlights
The consensus in the Econoday survey of forecasters is for growth of 50,000, up from +22,000 in August, and the unemployment rate to remain unchanged at 4.3%.
The establishment and household surveys occurred before the Sept. 30 government shutdown, so the data will provide a full if dated snapshot of the labor market, providing some answers to growing concerns among some Federal Reserve officials about weakening job creation.
This report also takes on added significance because the impact of the prolonged government shutdown has forced the BLS to cancel the release of the October employment report.
Furthermore, the November jobs data - which the BLS says it will allow additional time to collect and analyze - will not published until December 16, meaning this report will be the only official national employment datapoint Fed officials have in hand by the next FOMC meeting (Dec. 9-10).