Job Growth Seen Slowing in November as Labor Market Cools
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Payrolls in November are projected to increase by 180,000 after a 150,000 rise in October, showing a pickup following the end of the UAW strike.
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The unemployment rate is forecast to hold at 3.9%, the highest since early 2022, indicating softer labor conditions.
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Wage growth is expected to moderate, with November earnings seen rising 4% annually, the smallest increase since mid-2021.
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Job openings are projected to reach a three-month low, signaling loosening labor demand.
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Weekly jobless claims will be monitored for signs of increased dismissals as more out-of-work Americans struggle to find jobs.