US Unemployment Rate

Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000. chart The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force ...

The November jobs report is expected to show hiring rebounded last month after hurricanes and a strike by Boeing (BA) workers weighed heavily on the October report. The Bureau of Labor Statistics' monthly jobs report, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 215,000 in November while the unemployment rate held steady at 4.1%, according to consensus estimates compiled by Bloomberg. In October, the US economy added just 12,000 jobs amid various disruptions to economic activity, while ...

Eurozone government bond spreads tightened significantly on improving risk sentiment as Le Pen suggested a new budget could be put together in weeks. Front and centre though is the US payrolls report. Crucial as always, but this time interpretation is made tougher by returning strikers and the hurricane impact. Watch the unemployment rate this time. It's payrolls Friday ahead, and as always the number(s) are crucial On the number itself, we're repeating the below from our US chief economist, James Knightley: "Last month’s 12k outcome ...

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 November NFP report will be released on Friday, December 6, at 8:30 ET. Traders and economists expect the NFP report to show that the US created 218K net new jobs, with average hourly earnings rising 0.3% m/m (3.9% y/y) and the U3 unemployment rate holding steady at 4.1%. The US jobs market suffered a setback last month with the worst NFP reading in nearly four years, with the Bureau of Labor Statistics (BLS) estimating that the US economy created just 12K net new jobs in October. Thankfully heading into this month’s NFP reading, ...

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 ...

US payrolls ground to a halt with a +12k print while the more volatile household survey posted a decline of -368k. Bear in mind that the 90% confidence intervals are +/-130k for payrolls and +/-600k for the very noisy household measure. The payroll number would have even weaker yet had it not been for a wonky seasonal adjustment factor. I’ll explain why all of this should be ignored and probably will be ignored by the FOMC next week. First the data, and then I’ll turn to the massive caveats. The weak estimates cited above were ...

The October jobs report shows payrolls increasing by just 12k while there were net downward revisions of 112k to the previous 2 months. This was versus a consensus forecast of 100k that took into account the prospect of weakness from significant strike action during the month and a measurement hit due to hurricane-related disruption. Unemployment remains at 4.1%, as expected, while wages rose 0.4% month-on-month. We knew strikes were going to subtract 44k from the total, but we were somewhat in the dark on the hurricane hit. The ...