Today in the United States released the first report on Non farm payrolls labor market after the presidential election. The Ministry of Labor will publish data on the number of jobs created in the month of November at 8:30 am ET.
What you need to know before you leave the report?
What to expect?
Economists surveyed by CNNMoney, predict that the US economy created 181,000 jobs in November. If the forecasts will be accurate, the figure will be much higher than the 161,000 jobs created in October. But on Friday, will also present the revised data for October.
The unemployment rate is expected to remain in the range of 4.9%, showed a poll. This figure is considered "full employment."
The only obstacle for the Fed
Nearly all expect and predict that the Fed will raise interest rates at its meeting held on 14 December. The number of jobs report should convince Fed officials that there is a possibility of increasing rates.
If rates rise, it will be the first increase in this year of the four projected.
The Fed last raised rates in December 2015 over the last 10 years. Raising interest rates is a sign that the economic growth continues.
How many unemployed Americans?
Trump said throughout the campaign that approximately 94 million Americans out of work. "More than 14 million have left the labor force when Obama took office, bringing the total number of unemployed people rose to 94 million", - said Trump before the election.
But the vast majority of these 94 million Americans retired, studying, busy for loved ones or for disability services.Only 2 million Americans do not work for unknown reasons.
Trump's victory will not help to stop the decline in production
Saving 1,000 jobs at the plant in Indiana is not the decisive indicator for the manufacturing sector of the US economy. In October, it was 53 000 manufacturing jobs less than in the previous year.
Based on materials WELTRADE
