Hiring Rebound Expected As Inflation Erodes Paychecks

WASHINGTON (AP) — The U.S. job market likely bounced back last month from a disappointing September. Layoffs are low, and most Americans enjoy unusual job security. But hiring was probably too modest to deliver much relief to those still looking for work. And wage gains haven’t been keeping up with persistently high inflation. When the Labor Department releases numbers on October job creation and unemployment Friday, they’re expected to show that employers added 65,000 jobs last month and that the unemployment rate remained low at 4.2%, according to a survey of forecasters by the data firm FactSet.