We estimate that non-farm payrolls rose by a decent 170,000 in November, flattered by the return of striking GM workers. We wouldn’t take too much comfort from that, however, because recent gains look set to be revised sharply lower in the upcoming annual benchmark revision, while the survey evidence suggests that labour market conditions are deteriorating.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.