Bank of America: Expects November non-farm employment to significantly exceed previous values

ChainCatcher news, according to Jinshi reports, American bank economists stated that the employment report for November will be released on Friday, and investors should pay attention to the growth rate over the past two months, especially considering the significant risk of revisions to the October data.

A Wall Street Journal survey shows that the U.S. non-farm payrolls for November are expected to increase by 214,000, up from 12,000 in October. American banks expect this number to exceed 240,000 due to the impact of hurricanes and the Boeing strike. It is also expected that the labor force participation rate will rebound, causing the unemployment rate to rise from 4.1% to 4.2%, in line with the Wall Street Journal's expectations. American banks noted that the number of unemployment claims increased due to the impact of hurricanes but has since declined, indicating a rapid economic recovery.