we should get further evidence that there s a real slowdown happening in thejobs market. employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat, we could see some distortion to the numbers. the auto and actor strikes both ended in november, with many returning to work that same month. plus the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely. that s because slower job growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use th
hiring and employers are sticking around more. you also in the last month have to remember that we saw the numbers boosted slightly because remember the auto workers who are members of the auto workers union and as well as the actors in hollywood, though strikes and it s that help to boost novembers numbers but i think this slowdown shows that you are still seeing a strong amount ofjob growth. remember by historical standards this is still a good number. but it is a slower rate but we have seen in the past and thatis but we have seen in the past and that is significant because the federal reserve, america s federal bank, has raised interest rates from zero in march 2021, 2022 to above 5% in a short order to try to tackle inflation. it is beginning to ease and i think people will look at this number to say if we see a slowdown injob number to say if we see a slowdown in job growth may number to say if we see a slowdown injob growth may be number to say if we see a slowdown in
employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat we could see some distortion to the numbers. the auto and actor strikes both ended in november with many returning to work that same month. plus, the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely. that s because slowerjob growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now, we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use the word resilience to talk about the economy in 2023, they may be looking for a new word
happening in thejobs market. employers are growing more cautious, putting off hiring. employees are sticking around longer. one caveat we could see some distortion to the numbers. the auto and actor strikes both ended in november with many returning to work that same month. plus, the end of the year is when many seasonal workers get taken on. now, america s central bank, the federal reserve, will be watching closely that s because slowerjob growth and wage gains will fuel expectations that the fed will leave rates on hold. rates have risen to above 5% from nearly zero since march of last year as it wrestles to bring down inflation. the jobs report is the last significant piece of economic data before the us central bank s rate setting meeting next week. now, we should note that despite expectations for a slowdown, america s labour market remains strong by historical standards. still, if economists frequently use the word resilience to talk about the economy in 2023, they