US jobs report expected to show another strong increase


  • Economy
  • Sunday, 28 Nov 2021

Fed Chair Jerome Powell, fresh from being picked for a second term by President Joe Biden, is likely to face questions Tuesday about tapering, interest rates and inflation.

NEW YORK: U.S. employers probably added more than half a million workers for a second straight month in November, pushing the labor market closer to a full recovery despite swirling inflation worries and persistent Covid-19 infections.

Payrolls are expected to rise by 550,000 and the unemployment rate to edge down to 4.5%, according to the median estimates of economists ahead of Labor Department data due Friday in Washington.

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jobs , unemployment rate , Jerome Powell

   

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