Economic experts expect a recovery in U.S. job growth in November after a projected decline in nonfarm jobs in October, which was caused by federal government spending cuts. This aligns with a gradually weakening labor market. Economists stated that despite the difficulty in interpreting the data, they do not believe the labor market has deviated much from its recent trend of slowing down. The Labor Department's Bureau of Labor Statistics is scheduled to release the delayed jobs report for November and a partial update for October on Tuesday. The report will not include the unemployment rate and other metrics after the 43-day government shutdown prevented data collection from households.
Experts Forecast U.S. Job Growth Recovery in November
Experts predict a rebound in U.S. jobs for November following a decline in October due to reduced government spending. They see the labor market weakening gradually but staying on a familiar path. The October report will be a partial update.