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The pace of job gains likely slowed in November due to the impact of virus shutdowns
Job gains in November are expected to be weaker than in October, reflecting the impact of virus-related shutdowns by states and local governments due to the record spread of Covid-19. Economists expect a consensus of 440,000 nonfarm payrolls were added in November, and the unemployment rate fell to 6.7% from 6.9%, according to Dow Jones. The total number of payrolls is likely to again be impacted by a sizeable drop in government jobs, due to layoffs of census workers by the federal government and cost cutting at the state and local level. November could also be the last month to show significant job gains, until mid ... (full story)