U.S. economy seen adding 450,000 jobs in October despite labor shortage


If they post it, will they come? Businesses have a near-record number of job openings, but they can’t fill them fast enough because of a major labor shortage.

Economists predict more people sought work and got hired in October after the weakest round of job creation in September in nine months.

Here’s what to watch in the latest U.S. employment report due on Friday.

Rebound in hiring

The US. probably created 450,000 new jobs in October, according to economists surveyed by The Wall Street Journal. That would mark a big improvement on the preliminary 194,000 gain in September that was the weakest of 2021.

Read: U.S. economy appears to be speeding up again as delta fades

The increase in hiring is likely to be widespread, with companies in the leisure and hospitality sectors benefiting the most because of the decline in “delta” coronavirus cases. Business has picked up again at restaurants, hotels and the…

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