Following a disappointing September, economists predict that US job creation accelerated in October while the unemployment rate held firm. Should that prove accurate, it may deepen wagers that the Federal Reserve will lift borrowing costs at its December gathering. According to a Bloomberg poll of economists, the labour department is forecast on Friday to report a gain of 60,000 positions for October, compared with only 29,000 the prior month. The jobless rate is seen unchanged at 4.2 per cent. Employment growth has been lacklustre lately as businesses wrestle with steep inflation and costly borrowing and assess how artificial intelligence could displace workers. Yet staff reductions have likewise stayed limited to date.
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