October New Jobs Report Due Friday

New numbers just in time for the mid-terms.

Traders are betting on Tuesday that U.S. employers added about a median 113,450 jobs in October in the first of five derivatives auctions, according to preliminary data from the firms holding the auction.

The latest median forecast of economists polled by Reuters predicted a 125,000 job increase in nonfarm payrolls against a 51,000 gain in September.

The U.S. Labor Department will issue the October payroll report on Friday at 8:30 a.m. (1330 GMT).

So, last month derivitives traders bet that the US economy had created 125k jobs when in actuality only 51k were created, and this month they’re betting on 113k additional jobs?

Atrios should take the under again.

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