Two U.S. Job-Market Views: Strong Enough for Fed, Not Trump
- Payrolls seen rising at healthy pace as jobless rate steady
- President-elect has highlighted weaknesses in labor market
Coulton: Tight U.S .Labor Market Pushing Wages
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The November U.S. employment report is set to showcase a labor market that’s healthy enough for the Federal Reserve to raise interest rates later this month. President-elect Donald Trump may still find it a “disaster.”
Employers added 180,000 workers, accelerating hiring from 161,000, and the unemployment rate held at an eight-year low of 4.9 percent, according to the median estimate of economists surveyed by Bloomberg ahead of Friday’s release from the Labor Department. Wage growth probably remained at a seven-year high.