Dec 2, 2021 - Economy

November's jobs report expected to be up from October

Illustration: Aïda Amer/Axios

Illustration: Aïda Amer/Axios

The last jobs report before the holidays is due out on Friday.

Why it matters: Economists expect that the U.S. created a healthy 575,000 new jobs in November, according to FactSet, up from October’s initial reading of 531,000.

  • Optimism heading into Friday can be attributed, in part, to the number of upward revisions this year.

Good news is bad news: A strong November figure could help the Federal Reserve decide to unwind economic support faster — thereby raising interest rates and hurting asset values.

Go deeper