Organization: Non-farm employment is expected to increase by 200,000 people

On December 6, economists predicted that the non-farm employment report for November would show that the United States created 200,000 jobs in November. In contrast, only 12,000 jobs were added in October due to distortions caused by two hurricanes and a Boeing strike. Compared with the unemployment rate of 4.1% in October, the unemployment rate may slightly increase to 4.2% in November. Meanwhile, after an average hourly wage growth of 4.0% in October, it is expected to grow by 3.9% in November. Powell stated at an event this week that there was no need to rush interest rate cuts as the economy continues to grow, job market remains stable and inflation is still above the target of 2%. Analysts from TD Securities said when previewing the non-farm report for November that as effects from two hurricanes gradually fade away they expect about 75 thousand jobs will return back to normal levels during November . Additionally , they predict unemployment rates will rise by .1 percent up to a total of around four point two percent while monthly wages could decrease down towards zero point two percent following a significant increase of zero point four percent during October.