US Employment and Wages Outlook Into Holiday Season

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    The U.S. jobs report for November is expected…


    Helmholtz Watson

    Fed’s Brainard at the Peterson Institute in Washington, DC

    US economic momentum strong, as shown by labor market
    Job gains well above level that absorbs new entrants
    Wages picked up over past year, inflation encouraging
    Good reasons to expect solid US growth in 2019

    Helmholtz Watson

    US October JOLTS 7079K vs 7100K expected

    JOLTS = job openings and labor turnover survey

    Prior 7009 (revised down to 6960K)
    Hires 3.9% vs 3.8% prior
    Separations 3.7% vs 3.8% prior
    Quits 2.3% vs 2.4% prior
    Layoffs and discharges 1.1% vs 1.1% prior


    US weekly initial jobless claims 216K as expected
    Prior 214K (revised to 217K)

    Continuing claims 1701K v 1675K expected
    Prior continuing claims 1705K

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