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☆ What to expect from the November jobs report: A massive bounce back from October’s dismal total
  + stars: | 2024-12-06 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +7 min
“Which suggests that the labor market is still doing quite well,” Faucher said. That beat economists’ expectations of 7.5 million job openings for October, according to consensus estimates from FactSet. Layoff announcements, jobless claims tick higherThe weekly jobless claims data also is telling another story about the labor market: Employers have pulled back on hiring. “Overall, we still have got a tight labor market and we see that layoffs are historically low right now,” Faucher said. However, the coming weeks and months could shift the narrative for the labor market, inflation and the overall economy.
Persons: CNN —, “, ‘, Dan, Gus Faucher, ”, ” Faucher, they’re, Claudia Sahm, Jerome Powell, Donald Trump, ” Brett Ryan, — Organizations: CNN, Bureau of Labor Statistics, Labor Statistics, Dan North, Allianz Trade’s, North, PNC Financial Services Group, Labor, Department of Labor, Employers, New Century Advisors, Federal Reserve, Deutsche Bank, BLS Locations: North America, FactSet
☆ What to expect in the November jobs report
  + stars: | 2024-12-05 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +6 min
When plugging those striking and weather-waylaid workers back in, November’s report is expected to show a net gain of 200,000 jobs, according to consensus estimates on FactSet. “Which suggests that the labor market is still doing quite well,” Faucher said. The weekly jobless claim data also is telling another story about the labor market: Employers have pulled back on hiring. “Overall, we still have got a tight labor market and we see that layoffs are historically low right now,” Faucher said. However, the coming weeks and months could shift the narrative for the labor market, inflation and the overall economy.
Persons: CNN —, “, ‘, Dan, Gus Faucher, ”, ” Faucher, they’re, Claudia Sahm, Jerome Powell, Donald Trump, ” Brett Ryan, — Organizations: CNN, Bureau of Labor Statistics, Labor Statistics, Dan North, Allianz Trade’s, North, PNC Financial Services Group, Labor, Department of Labor, Employers, New Century Advisors, Federal Reserve, Deutsche Bank, BLS Locations: North America, FactSet
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