A November Boost for Jobs

Action Economics predicts a rise in nonfarm payrolls, but the economy's not out of the woods yet

The November employment figures, scheduled for release Dec. 8, should prove crucial for the Federal Reserve, given renewed market concerns of economic weakness following recent softness in other data reports and the likelihood that the jobs report's data outside of the headline nonfarm payrolls number will moderate from the strong October readings. The degree of moderation, and the usual risk of a payroll undershoot, will help the markets gauge what the Fed might say in its Dec. 12 policy statement.

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