Market / Industry

Here comes the jobs report

Posted On: Dec 7, 2018   |   Posted By: Business Insider

Here comes the jobs report

The Bureau of Labor Statistics will release the November jobs report at 8:30 a.m. ET.
Economists forecast that employers added 198,000 nonfarm payrolls last month, down from the blockbuster 250,000 print that was recorded in October , according to estimates compiled by Bloomberg.
They forecast that the unemployment rate held at 3.7%, a 49-year low, for a third straight month.
With the rate this low, several other economic indicators have shown that wages are finally rising as employers struggle to fill vacant positions. The sluggish pace of wage growth has dogged this economic recovery and remained one of the bleakest trends of an otherwise strengthening jobs market. Average hourly earnings are expected to increase 0.3% month-on-month and 3.1% year-on-year.
The jobs report could shed more light on the impact of tariffs on hiring and wages in industries like manufacturing. In the Federal Reserve's most recent beige book of anecdotes from across the US, several business owners said tariffs were raising their...

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