"if the US gets bad jobs data friday which is looking likely" -...

"if the US gets bad jobs data friday which is looking likely" - why is that looking likely?

Looks more likely to remain flat, or mildly positive:

ADP Estimates U.S. Companies Added 91,000 Jobs in September (Bloomberg)

"The Labor Department figures on Oct. 7 will also show the jobless rate held at 9.1 percent last month, according to the Bloomberg survey median.

Total payrolls are forecast to increase by 60,000 after no change in August, according to the Bloomberg survey. Private payrolls, which exclude government jobs, are forecast to rise from 17,000 in August."