BofA: What we expect from the November US jobs report on Friday ...Middle East

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BofA: What we expect from the November US jobs report on Friday
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BofA anticipates a strong rebound in nonfarm payrolls for November, driven by the reversal of temporary factors that impacted the previous month. The unemployment rate is expected to edge higher due to normalization in labor force participation.Key Points:Payroll Growth:Nonfarm payrolls are forecast to increase by 240k in November, significantly higher than October’s modest 12k gain.The rebound reflects payback for temporary factors such as Hurricane Milton and the Boeing strike, which suppressed October payrolls.Unemployment and Labor Participation:The labor force participation rate, affected by the hurricane in October, is projected to recover by 0.1% to 62.7%.This recovery is expected to

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