Bank of America: Non-farm employment is expected to significantly exceed the previous value in November
Editor
2024-12-03 23:32 6,692
Share to:
Golden Finance reported that Bank of America economists said that the November employment report will be released on Friday, and investors should pay attention to the two-month growth rate at that time, especially considering the risk of a sharp revision in the October data. A survey by the Wall Street Journal shows that the U.S. non-farm payrolls are expected to increase by 214,000 people 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. Labor force participation is also expected to rebound, pushing the unemployment rate to 4.2% from 4.1%, in line with the Wall Street Journal's forecast. Bank of America said jobless claims rose amid the hurricane but have since declined, pointing to a rapid economic recovery.