KPMG Sees 45,000 U.S. Jobs Added in October

The projection, issued October 30, would compare with official Bureau of Labor Statistics data due Friday, November 6.

Updated on Nov. 2, 2026 in Employment

KPMG Sees 45,000 U.S. Jobs Added in October

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KPMG projects U.S. nonfarm payrolls will rise by 45,000 in October, according to a forecast issued October 30. The projection includes a 50,000-job increase in private-sector employment offset by a 5,000-job decline in public-sector employment.

Why it matters

The forecast would exceed September's payroll gain of 29,000, and it arrives ahead of the official October jobs report. Unemployment stood at 4.2% in the September report, which also revised July and August payrolls down by a combined 60,000.

The KPMG forecast of 45,000 October payrolls compares with September's 29,000 gain and a 4.2% unemployment rate. The stub does not describe the methodology behind the projection, and the official Bureau of Labor Statistics figure remains unreleased.

The players

KPMG

KPMG is a global professional services firm that publishes economic forecasts and advisory research.

The details

KPMG's forecast, issued October 30, projects a 50,000-job private-sector gain partly offset by a 5,000-job public-sector decline. The projection is set for comparison with official Bureau of Labor Statistics data.

October 30: KPMG issues its nonfarm payroll forecast.
Friday, November 6: The Bureau of Labor Statistics releases the official October jobs report.

Macro View

The projection is benchmarked against the Bureau of Labor Statistics monthly employment report, the standard measure of U.S. payroll growth. Comparing a private forecast with that report shows how closely outside estimates track the official count after the September revisions cut July and August payrolls by 60,000 combined.

A payroll gain near 45,000 would signal steady hiring, which affects job-seekers and wage expectations. A weaker official figure would signal slower hiring that could affect households planning around employment income.

The takeaway

Forecasts like KPMG's offer an early read on hiring, but the official Bureau of Labor Statistics report on November 6 will determine how the October labor market actually performed.

What happens next

The Bureau of Labor Statistics is scheduled to release the official October jobs report on Friday, November 6, which will show whether payrolls matched KPMG's 45,000 projection.