US EditionEmployers likely added 40,000 jobs in November as government releases report delayed by shutdown
Delayed reports show November job growth slowed to 40,000 as government workforce cuts and economic uncertainty impact hiring, forecasters say.
- On Tuesday the U.S. Labor Department will publish October data on jobs by businesses, nonprofits and government agencies along with the November report, 11 days late.
- A 43-day government shutdown disrupted data collection and left official reports late and incomplete, delaying the Sept. report released on Nov. 20.
- Forecasters surveyed by FactSet expect employers added 40,000 jobs in November and that unemployment stayed at 4.4%, while the October unemployment rate could not be calculated.
- Fed policymakers remain split over further easing after last week’s quarter rate cut, with three dissenting Fed officials balking as inflation stays above the 2% target.
- Longer-Term data show since March job creation averaged 59,000 a month, well below the 400,000 during 2021-2023, with automation and AI reducing worker demand.
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Economists hope that the November employment report, scheduled for Wednesday, shows that employers have created 40 000 vagabonds more than they have cut during the month.
November jobs report arrives late after shutdown froze key data
The November jobs report is arriving with a delay and an asterisk. Instead of the usual first Friday release, it lands Tuesday in mid-December after a 43-day government shutdown froze the machinery that produces key US economic data. Now, that frozen pipeline is thawing fast: over the next three days, the US will get major reads on retail sales, inflation and the labor market. This week’s labor update comes with a twist. The Bureau of Labor Stat…
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The U.S. lost 105,000 jobs in October and created 64,000 jobs in November, according to the Bureau of Labor Statistics this Tuesday, dissipating the uncertainty that had enveloped the labor market for months. The unemployment rate rose to 4.6% in November. The national employment landscape already seemed fragile before this Tuesday’s report. The June and August employment reports showed net job losses, the first time since 2020 that two months o…
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