November Employment Preview

Special Notes on GM Strike and the Decennial Census: The GM strike ended in October, and 46,000 workers were on strike during the BLS reference week in October. These workers returned to their jobs in November, and this should boost employment gains for November. Decennial Census: In August and September, the Census Bureau increased the…

Special Notes on GM Strike and the Decennial Census: The GM strike ended in October, and 46,000 workers were on strike during the BLS reference week in October. These workers returned to their jobs in November, and this should boost employment gains for November. Decennial Census: In August and September, the Census Bureau increased the number of temporary workers by 25,000. This phase of the Decennial Census ended mid-October, and most of these temporary workers were let go in October (20,000), however another 5,000 or so were probably let go in November.
On Friday at 8:30 AM ET, the BLS will release the employment report for November. The consensus is for an increase of 180,000 non-farm payroll jobs in October, and for the unemployment rate to be unchanged at 3.6%.
Last month, the BLS reported 128,000 jobs added in October (including 20,000 temporary Census fires).
Here is a summary of recent data:
• The ADP employment report showed an increase of 67,000 private sector payroll jobs in October. This was well below consensus
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