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US Payrolls Are Seen Picking Up After End of UAW Strike

From bnnbloomberg.ca

The return of striking United Auto Workers to vehicle assembly lines is seen driving a pickup in November payrolls, representing a pause in the recent trend of moderating US employment growth. Government data on Friday are projected to show payrolls in the world’s largest economy increased by 180,000 after a 150,000 October advance. Such a print would still leave average job growth over the past three months down about 100,000 from the pace seen earlier in the year. The unemployment rate is forecast to hold at 3.9%, the highest since the start of 2022. That’s also consistent with softer labor-market conditions and ... (full story)

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  • Category: Fundamental Analysis