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US jobs report may show subtle progress, Euro Zone reels under double-digit inflation

The income and spending report for the US is forecast to indicate a softening in core inflation for October. While simmering down, the annual pace is still more than twice the central bank’s goal

November 27, 2022 / 06:27 AM IST
Payrolls are projected to have risen about 200,000 in November, a second month of decelerating gains in the US. - Bloomberg

Payrolls are projected to have risen about 200,000 in November, a second month of decelerating gains in the US. - Bloomberg

The latest reading of the US labour market on Friday is expected to show job growth on more of the downward glide path sought by Federal Reserve policy makers in their fight to beat back inflation.

Payrolls are projected to have risen about 200,000 in November, a second month of decelerating gains. Such growth, while moderating, is nonetheless consistent with solid hiring that will extend the Fed’s rate-hiking campaign into 2023. The report will be the last of its kind before the central bank’s final policy meeting of the year.

Job openings data on Wednesday are seen illustrating a still-healthy appetite for labour.

Moderating But Still-Solid Job Growth | Pace of US hiring is seen easing in November