Jobs report, retail sales, and consumer sentiment data due Friday

As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Friday, October 10, 2025. The U.S. labor market will be in focus with the release of the highly anticipated nonfarm payrolls report, unemployment rate, and average hourly earnings data. Additionally, consumer sentiment figures will provide insights into the economic outlook and inflationary expectations.

Major Economic Events to Watch

• 8:30 AM ET: Nonfarm Payrolls (Oct) - Expected: 52K, Previous: 22K. Measures change in employed people, excluding farming industry.

• 8:30 AM ET: Unemployment Rate (Oct) - Expected: 4.3%, Previous: 4.3%. Percentage of total workforce unemployed and seeking employment.

• 8:30 AM ET: Average Hourly Earnings (MoM) (Oct) - Expected: 0.3%, Previous: 0.3%. Measures change in price businesses pay for labor.

Other Important Economic Events to Watch

• 9:40 PM ET (Previous Day): FOMC Member Daly Speaks. San Francisco Fed President’s remarks may offer monetary policy insights.

• 8:30 AM ET: Private Nonfarm Payrolls (Oct) - Expected: 35K, Previous: 38K. Measures change in private sector employment.

• 8:30 AM ET: Average Hourly Earnings (YoY) (Oct) - Previous: 3.7%. Year-over-year change in wages.

• 8:30 AM ET: Participation Rate (Oct) - Previous: 62.3%. Measures labor force as percentage of working-age population.

• 9:45 AM ET: Fed Goolsbee Speaks. Federal Reserve official’s comments on economic outlook.

• 10:00 AM ET: Michigan Consumer Expectations (Oct) - Expected: 51.7, Previous: 51.7. Measures consumer expectations for economic conditions.

• 10:00 AM ET: Michigan Consumer Sentiment (Oct) - Expected: 54.1, Previous: 55.1. Gauges consumer confidence in economic conditions.

• 1:00 PM ET: Baker Hughes U.S. Rig Count - Previous: 422. Indicator of oil industry activity.

• 1:00 PM ET: U.S. Baker Hughes Total Rig Count - Previous: 549. Total number of active drilling rigs.

• 2:00 PM ET: Federal Budget Balance (Sep) - Expected: $50.0B, Previous: -$345.0B. Difference between government income and expenditure.

Other Economic Events to Watch

• 8:30 AM ET: Government Payrolls (Oct) - Previous: -16.0K. Change in government sector employment.

• 8:30 AM ET: Average Weekly Hours (Oct) - Expected: 34.2, Previous: 34.2. Average number of hours worked by non-farm employees.

• 8:30 AM ET: Manufacturing Payrolls (Oct) - Previous: -12K. Change in manufacturing sector employment.

• 8:30 AM ET: U6 Unemployment Rate (Oct) - Previous: 8.1%. Broader measure of unemployment including underemployed.

• 10:00 AM ET: Michigan 1-Year Inflation Expectations (Oct) - Previous: 4.7%. Consumer expectations for inflation over next year.

• 10:00 AM ET: Michigan 5-Year Inflation Expectations (Oct) - Previous: 3.7%. Long-term consumer inflation expectations.

• 10:00 AM ET: Michigan Current Conditions (Oct) - Expected: 60.0, Previous: 60.4. Measures current economic conditions as perceived by consumers.

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.