November US job growth slowed but will still show strength despite layoffs, hiring freezes
Job growth in November was expected to have slowed while remaining strong, even in the face of layoffs and job freezes at major companies. The economy is expected to have added 200,000 jobs, less than the 261,000 in October, according to Dow Jones. Economists forecast the unemployment rate was steady at 3.7%, and average wage growth slowed to 0.3% month-over-month, from 0.4% in October. The monthly employment report is released Friday at 8:30 a.m. ET, and is in special focus since the Federal Reserve has been concerned that the hot labor market and rising wages have been helping fuel inflation. The Fed is widely ... (full story)
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Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. ...
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