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Bank of America: Non-farm payrolls are expected to rise sharply in November

Bank of America economists say investors should keep an eye on the two-month growth rate when the November jobs report is released on Friday, especially given the risk of a major revision to the October data. A Wall Street Journal survey shows that the U.S. non-farm payroll is expected to record an increase of 214,000 in November, up from 12,000 in October. Bank of America expects that number to exceed 240,000 due to the impact of hurricanes and the Boeing strike. It also expects the labor force...

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2024-12-03 23:13:43