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U.S. employment report seen calming fears over economy

“A strong employment report would allay fears about the economy’s health and increase the probability of the Fed raising interest rates more than once next year” reports businessinsider.com. An early Thanksgiving is expected to have boosted retail employment while transportation and warehousing payrolls probably rose, driven by seasonal hiring. Manufacturing employment is forecast increasing by 20,000 jobs last month after rising 32,000 in October.Nonfarm payrolls probably increased by 200,000 jobs last month, according to a Reuters survey of economists, after surging 250,000 in October.Minutes of the Fed’s November policy meeting published last week showed nearly all officials agreed another rate increase was “likely to be warranted fairly soon,” but also opened debate on when to pause further hikes.
 
Source: businessinsider.com



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