The final jobs report before Americans choose a new president is expected to show that hiring was solid in October, consistent with a decent economy yet one also pocketed by weaknesses that have left many feeling left behind. The steady hiring and a low unemployment rate have put the Federal Reserve on track to raise interest rates next month for the first time this year. The unemployment rate is predicted to have dipped to 4.9 percent from 5 percent. Consumers — the U.S. economy's primary fuel — are showing some staying power, even though their spending slowed in the July-September period. That's a big reason factories have shed nearly 50,000 jobs in the past 12 months.

Source: ABC News November 04, 2016 07:02 UTC