by Calculated Risk on 11/05/2020 09:15:00 PM

My October Employment Preview

Goldman October Payrolls Preview

Friday:
• At 8:30 AM ET, Employment Report for October. The consensus is for 600 thousand jobs added, and for the unemployment rate to decrease to 7.6%.

Click on graph for larger image.

This graph shows the job losses from the start of the employment recession, in percentage terms through September.

The current employment recession was by far the worst recession since WWII in percentage terms, and the worst in terms of the unemployment rate.