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There’s an important US jobs report coming Friday. Here’s what to expect
After a month in which hiring was essentially muted due to storms and strikes, the jobs report due out Friday could provide a clearer picture of where the labor market is headed. The Bureau of Labor Statistics is expected to report Friday at 8:30 a.m. ET that nonfarm payrolls increased by 214,000 in November, a significant step up from the meager 12,000 gain in October. That month’s reading was the worst for job gains since December 2020. One of the things that will make the report so pivotal is it will be the last comprehensive look the Federal Reserve will get before its next policy meeting on Dec. 17-18. Markets ... (full story)
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- Posted: Dec 5, 2024 5:20pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 6,390
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