According to TechFlow, Bank of America economists said that the November employment report will be released on Friday, and investors should pay attention to the growth rates of the two months, especially the October data may be significantly revised.
(Wall Street Journal) The survey shows that non-farm payrolls are expected to increase by 214,000 in November, higher than 12,000 in October. Bank of America expects the number to exceed 240,000 due to the hurricane and Boeing strike.
The labor force participation rate is expected to rebound and the unemployment rate to rise to 4.2% from 4.1%, in line with (The Wall Street Journal) expectations. Applications for unemployment benefits increased due to the hurricanes but then fell, indicating a rapid economic recovery.