US PAYROLLS SEEN UP IN NOVEMBER AS BOEING WORKERS RETURN AND HURRICANES OVER

U.S. job growth likely surged in November after being severely constrained by hurricanes and strikes, but this probably does not signal a material shift in easing labor market conditions that should allow the Federal Reserve to cut interest rates again this month.

Job growth almost stalled in October as the labor market reeled from Hurricanes Helene and Milton as well as a big strike at Boeing factories in the West Coast.

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