Catching up from the shutdown, the Bureau of Labor Statistics will release both October’s and November’s Jobs Report tomorrow. The consensus is for the number to bump fro the current 4.4% to 4.5%. Some postulate that it could be higher given the very anemic job creation numbers published by ADP (among others) over the last two and a half months. We’ll also see the average hourly earnings calculation, which is expected to attenuate from 3.8% to 3.6% YOY growth rate.
These official confirmations confirming the slowdown in the labor market that the private sector has been publishing for the last few months should help ease rates a touch. Will the proof be in the pudding in tomorrow’s BLS release?
