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Economics

US Jobs Report Likely to Show Subtle Progress for Fed: Eco Week

  • Payrolls may show second month of decelerating labor market
  • Key ECB data of euro-zone inflation may exceed 10% again
Office workers in San Francisco, California.

Office workers in San Francisco, California.

Photographer: David Paul Morris/Bloomberg
Updated on

The latest reading of the US labor market on Friday is expected to show job growth on more of the downward glide path sought by Federal Reserve policy makers in their fight to beat back inflation.

Payrolls are projected to have risen about 200,000 in November, a second month of decelerating gains. Such growth, while moderating, is nonetheless consistent with solid hiring that will extend the Fed’s rate-hiking campaign into 2023. The report will be the last of its kind before the central bank’s final policy meeting of the year.