Majority of institutions project US October unemployment at 4.2%;
cross-sectional range 4.1–4.3%. Reuters consensus 4.2% (prior 4.2%). Key 4.1%
calls from BNP Paribas, JP Morgan, Nomura, UBS, Barclays, Pantheon
Macroeconomics, Danske Bank and High Frequency Economics. Large group of global
banks — including Morgan Stanley, BofA/Merrill, Citi, Goldman, Deutsche Bank,
HSBC, ING, ANZ, Jefferies, TD Securities, Wells Fargo and Standard Chartered —
sit at 4.2%. Mizuho and Westpac forecast 4.3%.
