How strong is the US economy? We’re about to get a much better idea
CNN
Economists are expecting to learn on Tuesday that the US labor market slowed last month, adding just 40,000 jobs.
• Data on the state of the job market in October and November is set to be released at 8:30 a.m. ET today, along with retail sales numbers for October. • Almost all economic reports from the Bureau of Labor Statistics and the Census Bureau have been delayed due to the historically long federal shutdown, which hamstrung data collection. • That has meant the October report will mark the first time in almost eight decades that a monthly snapshot will not include the unemployment rate. • Economists are expecting to learn that the US economy added just 40,000 jobs in November and that the unemployment rate stayed at 4.4%. Tuesday morning’s jobs report is expected to show that just 40,000 jobs were added last month and the unemployment rate held steady at 4.4% – historically low but still higher than in recent years. “I think the September jobs number was probably a high-water mark for what we’re going to see in the more recent data,” said Tyler Schipper, an associate professor of economics at the University of St. Thomas in St. Paul, Minnesota.
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