Economists polled by Refinitiv expect another sizable jobs gain in Friday's November employment report — 550,000 positions. If that holds true, it would be the biggest monthly gain since July, when more than a million jobs were added.
On Wednesday, ADP Chief Economist Nela Richardson said the recent strong numbers show"good potential for the rest of the year."Meanwhile, weekly claims for unemployment benefits fell last month below their pre-pandemic numbers for the first time since the recovery started, dropping below 200,000 to a level not seen since since 1969. In this week's Labor Department data, they were revised even lower to 194,000, adjusted for seasonal swings.
"The impact will depend on a whole host of factors. But what we can say is in terms of the health conditions on the ground, we as a country are in a much better position than last year when case counts were skyrocketing and very few people were vaccinated," she said.Meanwhile, businesses continue to struggle to find staff as the worker shortage has shown little improvement in recent months. As of September, the United States had 10.
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