U.S. Payroll Gains Are Slowing. That's Not Bad News: ChartBy
Don’t worry that job growth this year is the slowest since 2010. Monthly payrolls on average have been cooling for the last three years, yet the unemployment rate is close to a 17-year low. The figures are part and parcel of a U.S. job market that’s getting tighter as the expansion matures, helping explain why economists project wage gains to pick up as companies begin bidding up for talent. Employers probably added almost 200,000 workers in November, while the jobless rate held at 4.1 percent, according to the median forecast in a Bloomberg survey ahead of Friday’s monthly jobs report.