GDP, Storm-Impacted Jobs Numbers to Set Table Ahead of Fed Policy Meeting - Bloomberg

Workers clean up damage caused by hurricanes Helene and Milton in St. Pete Beach, Florida, on Oct. 11.

A week before Federal Reserve officials gather to reflect on the appropriate tempo of interest-rates cuts, three high-profile reports are set to show underlying resilience in the US economy and a temporary hiccup in job growth.

Friday’s employment report, expected to show a modest 110,000 increase in payrolls — about half this year’s average gain of 200,000 — will reflect hits to the labor market from two hurricanes as well as a work stoppage at aircraft maker Boeing Co. The unemployment rate is forecast to hold at 4.1%.