Agency: Non-farm payrolls are expected to increase by 200,000
economists predict that the November non-farm payroll report will show that the US created 200,000 jobs in November, while in October, due to the distortions caused by two hurricanes and the Boeing strike, only 12,000 jobs were added. Compared with the unemployment rate of 4.1% in October, the unemployment rate in November may rise slightly to 4.2%. Meanwhile, after growing 4.0% in October, average hourly wages are expected to increase by 3.9% in November. Powell previously stated in an event this week that there is no need to rush to cut interest rates, as the economy is still growing, the job market is stable, and inflation remains above the 2% target. Analysts at Dow Jones Securities predict that as the impact of the two hurricanes gradually subsides, 75,000 jobs are expected to return to the mean in November. In addition, the unemployment rate is expected to rise by 0.1% to 4.2%, while the hourly rate may decrease to 0.2% after a significant increase of 0.4% in October.
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