November’s jobs report to show pick-up in pace from October, but mostly because of GM effect | Forex Factory

  • November’s jobs report to show pick-up in pace from October, but mostly because of GM effect

    From cnbc.com

    Job growth should appear strong in November as striking GM workers returned to the workforce. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv’s consensus forecast was 180,000. Wages are expected to rise by 0.3% in the month, and unemployment is expected to remain at 3.6%. The government’s monthly employment report is released at 8:30 a.m. ET Friday. “I think we’ll see 215,000 payrolls,” said Ward McCarthy, chief financial economist at Jefferies. “I think the big feature will be the reversal of the negative affect of the GM strike. I think we’ll see ... (full story)

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Trader#9F84
Dec 5, 2019 9:26pm
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hmm, looking back at the jobs report during the GM strike, it seems the strike moved the numbers very little. If that's the case then those folks going back to work will have very little affect on the report tomorrow.
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