Job growth seen for first time in four months Economic Outlook - MarketWatch: "At the same time, the unemployment rate is seen ticking higher to 9.7% in October from 9.6% in the prior month. This would be the highest unemployment rate since May.
Analysts said the data paint a picture of an economy still stuck in neutral, so new entrants and re-entrants in the workforce are going to continue having difficulty finding employment, said Citigroup economist Peter D’Antonio
On Wednesday, the Federal Reserve launched a new $600 billion bond-buying campaign designed to spark investment and get the economy’s juices flowing. Fed officials said the move was needed because the recovery was “disappointingly slow.” Read more about the Fed’s controversial actions
Bank of Tokyo Mitsubishi senior economist Ellen Zentner forecasts a 100,000 gain in nonfarm payrolls in October but said this is just “the bare minimum” to keep the economy expanding at the meager 2% growth rate."