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US Job Growth Due for Snapback After Storms and Strike
US hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labor market that’s healthy yet gradually cooling. Nonfarm payrolls probably advanced by 200,000 in November, according to a Bloomberg survey of economists. The data due Friday are also expected to show the unemployment rate held at 4.1%. On Wednesday, Federal Reserve Chair Jerome Powell participates in a moderated discussion, and investors will await any assessment of the job market and inflation as well as clues to whether the US central bank will lower interest rates in December. With ... (full story)
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- Dec 6, 2024 6:20am Dec 6, 2024 6:20am
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- Posted: Dec 1, 2024 2:30am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 6,025
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