The pace of US jobs growth is expected to have slowed again in November in a further sign that demand for new workers is easing amid the Federal Reserve’s historic efforts to cool the economy.
Non-farm payrolls are set to have increased by 200,000 last month, according a consensus forecast compiled by Bloomberg, a step down from the 261,000 jump recorded in October and the 315,000 rise in September. Before the November release, the US economy had added 407,000 jobs each month on average this year, compared to 562,000 monthly in 2021.
The unemployment rate is set to remain steady at 3.7 per cent.
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