US Nonfarm Payroll Report to Provide Two-Month Labor Market Snapshot

November job gains are projected at 40,000 with unemployment at 4.40%, offering updated insight into current U.S. labor market trends.

Summary

The U.S. Bureau of Labor Statistics is set to release November nonfarm payroll data tonight, with expectations of 40,000 new jobs added. The unemployment rate for November is forecast at 4.40%, providing a more current picture of labor market conditions. This update follows earlier projections combining October and November figures, and reflects a moderated job growth outlook compared to prior forecasts.

Terms & Concepts
  • Nonfarm Payroll: A key U.S. labor market indicator measuring the number of paid workers excluding farm employees, government workers, and non-profit employees.
  • Unemployment Rate: The percentage of the labor force actively seeking work but unable to find employment.