CNBC Market Insider: Jobs Report 'Is Going to Be Pretty Ugly'

Market Insider: Jobs Report 'Is Going to Be Pretty Ugly'
October's employment report is scheduled for release at 8:30 am EST. The consensus is for a loss of 200,000 non-farm payrolls, but some economists are ratcheting up their estimates to a decline of as many as 300,000 jobs.
"It's going to be pretty ugly," said Mark Zandi, chief economist at Moody's Economy.com. "The ISM surveys were very negative. The employment questions were very, very negative. It feels like it could go to 300,000 plus."