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Strong US Job Growth Seen in November as Strikes End; Trend Slowing
U.S. job growth likely picked up in November as thousands of automobile workers and actors returned after strikes, but the underlying trend will probably point to a cooling labor market. The Labor Department's closely watched employment report on Friday, which is also expected to show wages increasing moderately and the unemployment rate unchanged at nearly a two-year high of 3.9%, will cement views that the Federal Reserve is done raising interest rates this cycle. But with employment gains forecast to remain well above the 100,000 jobs per month needed to keep up with growth in the working age population, it could ... (full story)