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What to expect from Friday’s US jobs report
Employers are growing more cautious, pulling down some job postings and reining in hiring. Employees are sticking around more and not bouncing as readily for better opportunities. Welcome to the wait-and-see job market. Some of those holding patterns are being reflected in the federal jobs reports that have shown employment growth remaining historically strong but moderating to a mere shadow of the blockbuster gains seen in the early years of the pandemic economic recovery. In October, US employers added a net 150,000 jobs, and the unemployment rate inched up to 3.9%, according to the Bureau of Labor Statistics. A ... (full story)
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